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This quiz consists of 5 multiple choice and 5 short answer questions through The Human Factor.

Multiple Choice Questions

1. Michael Steindardt believed what was the "culprit in 1994"?
(a) Poverty.
(b) Wealth.
(c) Leverage.
(d) Foolish investments.

2. What was the credit limit on hedge funds?
(a) $1 billion.
(b) $50 million.
(c) $100 million.
(d) There wasn't one.

3. Who was the Fed Chairman in 1997?
(a) Madeleine Albright.
(b) Warren Buffet.
(c) Hillary Clinton.
(d) Alan Greenspan.

4. What was the result for some banks due to their involvement in the derivatives market?
(a) They went bankrupt.
(b) They were prosecuted.
(c) They were nationally recognized.
(d) They made billions.

5. Once in business, what did Long-Term have an easy time getting from banks?
(a) Workers.
(b) Personal information.
(c) Money.
(d) Endorsements.

Short Answer Questions

1. What award did Merton and Scholes win for economics?

2. What type of government paper was bought in Italy?

3. How did regulators respond to the involvement of banks in the derivatives market?

4. Why did Long-Term trade in Italy?

5. Where were Italian bonds sold by Long-Term?

(see the answer key)

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