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

Multiple Choice Questions

1. Meriwether was threatened with what, if his Treasury bill deal did not pan out?
(a) A promotion.
(b) Termination.
(c) A lawsuit.
(d) Death.

2. Who typically invested in hedge funds?
(a) The Federal Reserve.
(b) A club of exclusive investors.
(c) Foreign banks.
(d) The general population.

3. When Meriwether increased his position in Treasury futures, what did he expect the market to do?
(a) Rise sharply overnight.
(b) Perform typically.
(c) Collapse.
(d) Drop substantially.

4. How much money did Meriwether need to start Long-Term?
(a) $100,000.
(b) $1 billion.
(c) $2.5 billion.
(d) $50 million.

5. What affected bond trading in the 1970's?
(a) The democratic elections.
(b) The price of commodities.
(c) The international monetary crisis.
(d) The Vietnam War.

Short Answer Questions

1. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?

2. In the 1970's, what type of trading was considered dull?

3. How long did Long-Term expect their investors to commit?

4. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?

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

(see the answer key)

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