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This quiz consists of 5 multiple choice and 5 short answer questions through Bank of Volatility.

Multiple Choice Questions

1. In 1998, what market did Long-Term bet would decline?
(a) The Russian market.
(b) The Latin market.
(c) The U.S. market.
(d) The Asian market.

2. What did Long-Term do when IOs started to fall?
(a) Sell their shares.
(b) Lie to investors.
(c) Buy them up.
(d) Explain the situation to investors.

3. At what level was the swap rate of the United States in April 1998?
(a) Medium.
(b) High.
(c) Non-existant.
(d) Low.

4. In 1996, what was the response of most of the banks in terms of offering credit financing to Long-Term?
(a) Interested.
(b) Interested but wary.
(c) Competitive.
(d) Eager.

5. How many employees were with Long-Term in 1996?
(a) Less than a dozen.
(b) A couple dozen.
(c) Five.
(d) Five hundred.

Short Answer Questions

1. How much money did Meriwether need to start Long-Term?

2. What models did Long-Term follow?

3. How much money did Long-Term earn in 1996?

4. How much did banks and investors make in conjunction with Long-Term?

5. What did banks and investors want from Long-Term?

(see the answer key)

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