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

Multiple Choice Questions

1. Michael Steindardt believed what was the "culprit in 1994"?
(a) Wealth.
(b) Leverage.
(c) Foolish investments.
(d) Poverty.

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

3. Who ran the London office for Long-Term?
(a) Meriwether.
(b) Buffet.
(c) Mullins.
(d) Haghani.

4. What is the method of paying a percentage of a bond called?
(a) A trim.
(b) A bond fee.
(c) A haircut.
(d) A percentage price.

5. What type of funds gained popularity in the 1990's?
(a) Real estate.
(b) Mutual.
(c) Treasury.
(d) Value.

Short Answer Questions

1. How many employees were with Long-Term in 1996?

2. When did Long-Term start losing money?

3. What type of strategy did Long-Term employ?

4. What companies were selling bonds for Russia?

5. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?

(see the answer key)

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