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

Multiple Choice Questions

1. How much did Long-Term plan to take from its profits?
(a) 15%.
(b) 10%.
(c) 25%.
(d) 30%.

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

3. How much money did Rosenfeld's business bring in?
(a) A couple thousand.
(b) Hundreds of thousands.
(c) Two million.
(d) Five million.

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

5. What was practically impossible to determine about Long-Term?
(a) Actual fund assets.
(b) Who was in charge.
(c) Why it was doing so well.
(d) Where it was located.

Short Answer Questions

1. What is the CFTC short for?

2. Who typically invested in hedge funds?

3. What financial crisis did Long-Term make it through that most of the market didn't?

4. What were the models Long-Term used unable to predict?

5. What did Black and Scholes use to calculate market change?

(see the answer key)

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