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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 1994, what market did Long-Term begin to express an interest in?
(a) International.
(b) Chinese.
(c) Local.
(d) Chicago.

2. In 1994, why did the price of bonds drop?
(a) The Fed raised interest rates.
(b) The Fed lowered interest rates.
(c) There was too much wealth in America.
(d) Property value went down.

3. In 1998, Long-Term expected prices to do what?
(a) Stay the same.
(b) Fluctuate.
(c) Rise.
(d) Fall.

4. What did Meriwether warn his investors against in 1994?
(a) Not investing enough with Long-Term.
(b) His early retirement.
(c) A repeat performance.
(d) Further growth.

5. In 1996, what was Long-Term seeking from the bank that would handle their credit?
(a) Asset storage.
(b) Cash flow.
(c) Tax shelter.
(d) Legitimacy.

Short Answer Questions

1. When did Long-Term start losing money?

2. In 1996, Long-Term had achieved thirty times its what?

3. Where was David W. Mullins working when Meriwether hired him?

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

5. What level of risk did Long-Term offer?

(see the answer key)

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