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

Multiple Choice Questions

1. In 1996, what was Meriwether encouraging Long-Term to do?
(a) Investigate new territory.
(b) Break the law.
(c) Stick with the tried and true.
(d) Hire new employees.

2. Where was the London office for Long-Term located?
(a) Buckingham Palace.
(b) Picadilly Square.
(c) Mayfair.
(d) Winchester.

3. How much equity did Long-Term have hold of in 1997?
(a) $5 billion.
(b) $0.
(c) $1 billion.
(d) $100 million.

4. What was the climate at Long-Term during the Russian financial crisis?
(a) Standard.
(b) Excited.
(c) Confident.
(d) Nervous.

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

Short Answer Questions

1. What was the credit limit on hedge funds?

2. In 1996, why was it difficult to continue to find strong profits in arbitrage trades?

3. In 1998, who published Meriwether's letter to his clients?

4. In 1997, who awarded Long-Term the loan warrant it had requested?

5. In the mid-1990's, what was the ratio of leverage on Wall Street?

(see the answer key)

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