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This quiz consists of 5 multiple choice and 5 short answer questions through Hedge Fund.

Multiple Choice Questions

1. What group did Meriwether found in 1977?
(a) The Arbitrage Group.
(b) The Commanders.
(c) Smith & Meriwether Co.
(d) The Meegen Group.

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

3. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?
(a) Quantum Fund.
(b) Millenium Fund.
(c) Treasury Fund.
(d) Endowment Fund.

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

5. Who gains from working with hedge funds?
(a) The government.
(b) Women.
(c) Impoverished countries.
(d) Managers.

Short Answer Questions

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

2. What unusual event happened when Meriwether began working with Treasury futures?

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

4. How much did Long-Term plan to take from its profits?

5. What year did Meriwether hire Myron Scholes?

(see the answer key)

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