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

Multiple Choice Questions

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

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

3. Where was the Long-Term Capital Portfolio stored?
(a) Germany.
(b) Bermuda.
(c) Cayman Islands.
(d) Switzerland.

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

5. How long did Long-Term expect their investors to commit?
(a) 6 months.
(b) 1 year.
(c) 3 years.
(d) 3 months.

Short Answer Questions

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

2. Who developed the Black-Scholes model?

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

4. Where did Meriwether work in 1979?

5. What group did Meriwether found in 1977?

(see the answer key)

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