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

Multiple Choice Questions

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

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

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

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

5. What unusual event happened when Meriwether began working with Treasury futures?
(a) The price fell.
(b) He lost millions.
(c) The price rose.
(d) The U.S. government collapsed.

Short Answer Questions

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

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

3. Where was David W. Mullins working when Meriwether hired him?

4. How was Meriwether's career affected following the Treasury bill deal?

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

(see the answer key)

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