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

Multiple Choice Questions

1. What year did Meriwether hire Myron Scholes?
(a) 1993.
(b) 1996.
(c) 1994.
(d) 1995.

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

3. Where was David W. Mullins working when Meriwether hired him?
(a) Salomon Brothers.
(b) The United Nations.
(c) Yale School of Finance.
(d) Federal Reserve.

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

5. Who developed the Black-Scholes model?
(a) Jack Salomon.
(b) David Black.
(c) Myron Scholes.
(d) John Meriwether.

Short Answer Questions

1. How much money did Meriwether need to start Long-Term?

2. What did Meriwether do with his staff?

3. What notable invention changed the face of trading in the 1970's?

4. Who helped Meriwether raise money for Long-Term?

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

(see the answer key)

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