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This quiz consists of 5 multiple choice and 5 short answer questions through On the Run.

Multiple Choice Questions

1. How much of the face value of a bond do buyers typically pay?
(a) 15%.
(b) 25%.
(c) 1%.
(d) 10%.

2. In the 1970's, what type of trading was considered dull?
(a) Gasoline.
(b) Securities.
(c) Corn.
(d) Bond.

3. What did Long-Term do with off-the-run bonds?
(a) Loan them to other firms.
(b) Hold them for profit.
(c) Avoid them.
(d) Unload them quickly.

4. What did Meriwether do with his staff?
(a) Travel.
(b) Dine.
(c) All of these.
(d) Play golf.

5. Where was the London office for Long-Term located?
(a) Mayfair.
(b) Winchester.
(c) Picadilly Square.
(d) Buckingham Palace.

Short Answer Questions

1. Who ran the London office for Long-Term?

2. In 1993, what was happening more than usual in America?

3. In bond trading, what are loans backed by collateral called?

4. What were popular pools in 1993?

5. What is the method of paying a percentage of a bond called?

(see the answer key)

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