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

Multiple Choice Questions

1. What was J.F. Eckstein & Co. primarily working on in 1979?
(a) Stocks.
(b) Treasury Bill futures.
(c) Bonds.
(d) IO's.

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

3. What is the CFTC short for?
(a) Commodities Futures Trading Commission.
(b) Counting Futures Trading Commodities.
(c) Capitalism Fortune Trust Commonwealth.
(d) Commodities Finding True Commission.

4. What did Meriwether do with his staff?
(a) Travel.
(b) All of these.
(c) Play golf.
(d) Dine.

5. What type of strategy did Long-Term employ?
(a) Low risk.
(b) Whatever was dictated by the market.
(c) High risk.
(d) Moderate risk.

Short Answer Questions

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

2. What did Long-Term expect foreign banks to invest?

3. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?

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

5. Who did most funds have to be registered with?

(see the answer key)

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