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

2. Where did the private contracts Long-Term made in 1998 trade?
(a) Privately.
(b) On the exchange.
(c) In Russia.
(d) Overseas.

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

4. What company was Kapor the founder of?
(a) Circuit Finance, Inc.
(b) Lochfield Growing Corporation.
(c) Lotus Development Corporation.
(d) Finance Development International.

5. What did the banks and investors use to estimate Long-Term's assets?
(a) Net worth of investors.
(b) History of investments.
(c) Their exposure.
(d) All of these.

Short Answer Questions

1. In 1998, what act led Long-Term to a fall?

2. What year did Meriwether hire Myron Scholes?

3. What was Long-Term's signature trade?

4. Where were Italian bonds sold by Long-Term?

5. In 1996, Long-Term was two and a half times larger than what company?

(see the answer key)

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