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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 think about the financial crisis that hit in August of 1998?
(a) It was serious but would recover.
(b) It was serious and would not recover.
(c) It was not serious but would not recover.
(d) It was not serious.

2. Why did Long-Term trade in Italy?
(a) The tax write-off opportunity.
(b) The opportunity for big returns.
(c) It was a safe market.
(d) Meriwether was Italian.

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

4. In August 1998, how far down was Long-Term for the year-to-date?
(a) 35%.
(b) 2%.
(c) 52%.
(d) 10%.

5. After the Russian financial crisis, what caused further fluctuations in the market?
(a) Interest from big oil.
(b) Panicked investors.
(c) Small time investors.
(d) Interest from the IRS.

Short Answer Questions

1. Where was the London office for Long-Term located?

2. Who was the Fed Chairman in 1997?

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

4. What was the climate at Long-Term during the Russian financial crisis?

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

(see the answer key)

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