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This quiz consists of 5 multiple choice and 5 short answer questions through At the Fed.

Multiple Choice Questions

1. In its first bad year, what did Long-Term maintain?
(a) All of these.
(b) A good reputation.
(c) A strong energy.
(d) A great workforce.

2. Why did Rosenfeld choose not to co-found Kapor's project?
(a) He did not like Kapor.
(b) He was competitive with Kapor.
(c) He was too interested in travel.
(d) He was too interested in finance.

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

4. What was the limitation on borrowing for equity trading?
(a) 50%.
(b) 25%.
(c) 10%.
(d) 40%.

5. Why was Long-Term unable to get out of the situation with Russia?
(a) Russia would not let them.
(b) They had too much money.
(c) They did not want to.
(d) Their investments were not liquid.

Short Answer Questions

1. In August 1998, how far down was Long-Term for the year-to-date?

2. What affected bond trading in the 1970's?

3. What type of strategy did Long-Term employ?

4. In 1998, Long-Term expected prices to do what?

5. What notable company went bankrupt in the 1970's?

(see the answer key)

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