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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 1993, what was happening more than usual in America?
(a) Bankruptcy.
(b) Day trading.
(c) Refinancing.
(d) Starvation.

2. How much of the face value of a bond do buyers typically pay?
(a) 10%.
(b) 1%.
(c) 25%.
(d) 15%.

3. In 1996, Long-Term was four times as large as what?
(a) The largest hedge fund.
(b) The U.S. Treasury.
(c) The Mexican Treasury.
(d) A small European country.

4. What were popular pools in 1993?
(a) Green energy.
(b) Oil.
(c) Electricity.
(d) Mortgage.

5. Where was Robert C. Merton working when Meriwether hired him?
(a) The Federal Exchange Commission.
(b) NASA.
(c) Harvard.
(d) Wall Street.

Short Answer Questions

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

2. What is the CFTC short for?

3. What notable player was on vacation during the crisis in Russia?

4. What did Rosenfeld and his friend develop?

5. In 1994, why did the yield raise on the thirty year Treasury bond?

(see the answer key)

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