View a FREE sample

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

Multiple Choice Questions

1. How much of the face value of a bond do buyers typically pay?
(a) 15%.
(b) 1%.
(c) 10%.
(d) 25%.

2. What year did Meriwether hire Myron Scholes?
(a) 1996.
(b) 1994.
(c) 1995.
(d) 1993.

3. In 1993, what was happening more than usual in America?
(a) Starvation.
(b) Refinancing.
(c) Bankruptcy.
(d) Day trading.

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

5. Who gains from working with hedge funds?
(a) The government.
(b) Managers.
(c) Impoverished countries.
(d) Women.

Short Answer Questions

1. By the end of 1996, what was the status of the credit financing Long-Term wanted?

2. What did the traders accept about the financial models they used?

3. When did Long-Term start losing money?

4. In 1998, what type of contracts did Long-Term make with private entities?

5. In 1998, what market did Long-Term bet would decline?

(see the answer key)

This section contains 184 words (approx. 1 page at 300 words per page) View a FREE sample