Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Dear Investors.
Multiple Choice Questions
1. Where did Meriwether work in 1979?
(a) Salomon Brothers.
(b) Lehman.
(c) Long-Term.
(d) Merrill Lynch.
2. What did Long-Term want to do for investors?
(a) Limit risk.
(b) All of these.
(c) Build trust.
(d) Make money.
3. Michael Steindardt believed what was the "culprit in 1994"?
(a) Leverage.
(b) Foolish investments.
(c) Poverty.
(d) Wealth.
4. What unusual event happened when Meriwether began working with Treasury futures?
(a) The price rose.
(b) The price fell.
(c) He lost millions.
(d) The U.S. government collapsed.
5. How much of the face value of a bond do buyers typically pay?
(a) 25%.
(b) 15%.
(c) 1%.
(d) 10%.
Short Answer Questions
1. What type of government paper was bought in Italy?
2. How much money did Meriwether need to start Long-Term?
3. What was J.F. Eckstein & Co. primarily working on in 1979?
4. How much money did Rosenfeld's business bring in?
5. What did Long-Term do with off-the-run bonds?
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