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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 price of commodities.
(b) The Vietnam War.
(c) The international monetary crisis.
(d) The democratic elections.

2. Where did Meriwether work in 1979?
(a) Long-Term.
(b) Lehman.
(c) Salomon Brothers.
(d) Merrill Lynch.

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

4. What notable invention changed the face of trading in the 1970's?
(a) The computer.
(b) The video camera.
(c) The scientific calculator.
(d) The cell phone.

5. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?
(a) A better financial model.
(b) Empathy.
(c) Real estate tips.
(d) Help.

Short Answer Questions

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

2. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?

3. What unusual event happened when Meriwether began working with Treasury futures?

4. Who developed the Black-Scholes model?

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

(see the answer key)

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