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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 Meriwether's team allowed to do, following the Treasury bill deal?
(a) Vacation in Italy.
(b) Set Treasury standards.
(c) Coach the office.
(d) Spread trades.

2. Where was Robert C. Merton working when Meriwether hired him?
(a) Wall Street.
(b) Harvard.
(c) NASA.
(d) The Federal Exchange Commission.

3. Who helped Meriwether raise money for Long-Term?
(a) No one.
(b) Salomon Brothers.
(c) Merrill Lynch.
(d) Warren Buffet.

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

5. Who became the temporary CEO of Meriwether's group when scandal hit?
(a) John Meriwether.
(b) Paul Mozer.
(c) Warren Buffet.
(d) J.F. Salomon.

Short Answer Questions

1. How long did Long-Term expect their investors to commit?

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

3. What group did Meriwether found in 1977?

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

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

(see the answer key)

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