View a FREE sample

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

Multiple Choice Questions

1. What notable company went bankrupt in the 1970's?
(a) Penn Central Railroad.
(b) Penn Weapons Industry.
(c) Penn Coal.
(d) Penn North Distillery.

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

3. How was Meriwether's career affected following the Treasury bill deal?
(a) He became a regulation advocate.
(b) He lost his job.
(c) He became a public speaker.
(d) He was made partner.

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

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

Short Answer Questions

1. What happened to Meriwether's Treasury bill deal before it was resolved?

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

3. Who gains from working with hedge funds?

4. Meriwether was threatened with what, if his Treasury bill deal did not pan out?

5. Where was Robert C. Merton working when Meriwether hired him?

(see the answer key)

This section contains 204 words (approx. 1 page at 300 words per page) View a FREE sample