View a FREE sample

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

Multiple Choice Questions

1. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?
(a) 6 million.
(b) 1 million.
(c) 5 million.
(d) 20 million.

2. What type of government paper was bought in Italy?
(a) Floating rate.
(b) Fluctuating rate.
(c) Deeds to monuments.
(d) Italian money.

3. What regulation did Long-Term bypass when trading equities?
(a) Regulation-C.
(b) Regulation-B.
(c) Regulation-T.
(d) Regulation-E.

4. Why did Long-Term trade in Italy?
(a) It was a safe market.
(b) The opportunity for big returns.
(c) The tax write-off opportunity.
(d) Meriwether was Italian.

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

Short Answer Questions

1. How much money did Chase loan Long-Term so that they could continue to clear trades?

2. How much of the face value of a bond do buyers typically pay?

3. What typically happens to stock prices when a merger is revealed?

4. What year was the Federal Reserve System created?

5. What was the result for some banks due to their involvement in the derivatives market?

(see the answer key)

This section contains 179 words (approx. 1 page at 300 words per page) View a FREE sample