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

Multiple Choice Questions

1. What did Long-Term do with off-the-run bonds?
(a) Loan them to other firms.
(b) Unload them quickly.
(c) Hold them for profit.
(d) Avoid them.

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

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

4. What did Long-Term avoid by working with derivatives instead of stocks?
(a) Profit.
(b) Disclosure.
(c) Outside interest.
(d) Fees.

5. In 1994, what market did Long-Term begin to express an interest in?
(a) Chicago.
(b) Local.
(c) International.
(d) Chinese.

Short Answer Questions

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

2. What typically happens to stock prices when a merger is revealed?

3. What are some of the new markets Long-Term looked into in 1997?

4. What did the Fed Chairman want to remove in an effort to create liquidity in the market?

5. What was the dollar amount of the premium Long-Term paid for its loan?

(see the answer key)

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