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

Multiple Choice Questions

1. How much of the face value of a bond do buyers typically pay?
(a) 15%.
(b) 1%.
(c) 10%.
(d) 25%.

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

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

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

5. In the mid-1990's, what was the ratio of leverage on Wall Street?
(a) 45-1.
(b) 10-1.
(c) 25-1.
(d) 100-1.

Short Answer Questions

1. Who threatened to stop clearing the trades at Long-Term if their fund fell below a particular amunt?

2. In 1994, why did the yield raise on the thirty year Treasury bond?

3. What was the limitation on borrowing for equity trading?

4. In August 1998, how far down was Long-Term for the year-to-date?

5. What regulation did Long-Term bypass when trading equities?

(see the answer key)

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