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This quiz consists of 5 multiple choice and 5 short answer questions through Dear Investors.

Multiple Choice Questions

1. What were popular pools in 1993?
(a) Oil.
(b) Mortgage.
(c) Green energy.
(d) Electricity.

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

3. What was the end result of Meriwether's Treasury bill deal?
(a) It frightened his colleagues.
(b) It made a lot of money.
(c) It was not a notable deal.
(d) It lost a lot of money.

4. How much money did Meriwether need to start Long-Term?
(a) $1 billion.
(b) $50 million.
(c) $100,000.
(d) $2.5 billion.

5. What notable company went bankrupt in the 1970's?
(a) Penn Central Railroad.
(b) Penn North Distillery.
(c) Penn Weapons Industry.
(d) Penn Coal.

Short Answer Questions

1. Where was Robert C. Merton working when Meriwether hired him?

2. In the 1970's, what type of trading was considered dull?

3. In order for Meriwether's Treasury futures investment to work, what did he need market prices to do?

4. What was J.F. Eckstein & Co. primarily working on in 1979?

5. Who developed the Black-Scholes model?

(see the answer key)

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