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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 typically happens to stock prices when a merger is revealed?
(a) They crash.
(b) They stay the same.
(c) They go down.
(d) They go up.

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

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

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

5. During the financial crisis in 1998, what did the partners keep from the workers?
(a) Money.
(b) Profits.
(c) Information.
(d) Hope.

Short Answer Questions

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

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

3. In August 1998, how far down was Long-Term for the month?

4. After the Russian financial crisis, what caused further fluctuations in the market?

5. In 1994, what market did Long-Term begin to express an interest in?

(see the answer key)

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