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

Multiple Choice Questions

1. Who ran the London office for Long-Term?
(a) Meriwether.
(b) Haghani.
(c) Mullins.
(d) Buffet.

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

3. Meriwether believed that risk and volatility were what?
(a) Quantifiable.
(b) A part of life.
(c) Abstract ideas.
(d) Unmanagable.

4. What did Long-Term expect foreign banks to invest?
(a) $10 million.
(b) Only individuals could invest.
(c) $1 million.
(d) $100 million.

5. What financial crisis did Long-Term make it through that most of the market didn't?
(a) The U.S. crisis.
(b) The Switzerland crisis.
(c) The Mexican crisis.
(d) The Germany crisis.

Short Answer Questions

1. What did Rosenfeld and his friend develop?

2. What was the typical scenario for bond investors in 1994?

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

4. What type of government paper was bought in Italy?

5. What was Meriwether's team allowed to do, following the Treasury bill deal?

(see the answer key)

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