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

Multiple Choice Questions

1. In the 1970's, what type of trading was considered dull?
(a) Gasoline.
(b) Corn.
(c) Securities.
(d) Bond.

2. Where was the London office for Long-Term located?
(a) Picadilly Square.
(b) Mayfair.
(c) Buckingham Palace.
(d) Winchester.

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

4. What did Meriwether do with his staff?
(a) All of these.
(b) Dine.
(c) Travel.
(d) Play golf.

5. What did the Black-Scholes model believe was constant?
(a) Growth.
(b) Meriwether's enthusiasm.
(c) Income.
(d) Volatility.

Short Answer Questions

1. What was the end result of Meriwether's Treasury bill deal?

2. How much money did Rosenfeld's business bring in?

3. What financial crisis did Long-Term make it through that most of the market didn't?

4. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?

5. How much money did Meriwether need to start Long-Term?

(see the answer key)

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