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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 type of strategy did Long-Term employ?
(a) Whatever was dictated by the market.
(b) Low risk.
(c) High risk.
(d) Moderate risk.

2. Where was Robert C. Merton working when Meriwether hired him?
(a) Wall Street.
(b) The Federal Exchange Commission.
(c) NASA.
(d) Harvard.

3. What is the CFTC short for?
(a) Commodities Futures Trading Commission.
(b) Capitalism Fortune Trust Commonwealth.
(c) Counting Futures Trading Commodities.
(d) Commodities Finding True Commission.

4. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?
(a) 1 million.
(b) 6 million.
(c) 5 million.
(d) 20 million.

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

Short Answer Questions

1. In 1996, what was Long-Term seeking from the bank that would handle their credit?

2. How much did the accounts for investors increase in 1994?

3. When markets get jumpy, what begins to rise?

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

5. How much did Long-Term earn in its first year of operation?

(see the answer key)

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