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

Multiple Choice Questions

1. What did Black and Scholes use to calculate market change?
(a) History.
(b) Meriwether's advice.
(c) Calculus and computer models.
(d) In depth financial patterns.

2. What did Long-Term expect foreign banks to invest?
(a) Only individuals could invest.
(b) $10 million.
(c) $1 million.
(d) $100 million.

3. What was the first horrible month Long-Term had?
(a) June, 1998.
(b) It never had a horrible month.
(c) August, 1998.
(d) July, 1998.

4. Why did Rosenfeld choose not to co-found Kapor's project?
(a) He was too interested in travel.
(b) He did not like Kapor.
(c) He was too interested in finance.
(d) He was competitive with Kapor.

5. In 1996, Long-Term had achieved thirty times its what?
(a) Debt capacity.
(b) Proposed value.
(c) Original goal.
(d) Starting capital.

Short Answer Questions

1. What models did Long-Term follow?

2. When did the Russian market begin to fail?

3. Once in business, what did Long-Term have an easy time getting from banks?

4. Michael Steindardt believed what was the "culprit in 1994"?

5. How much did Long-Term plan to take from its profits?

(see the answer key)

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