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

Multiple Choice Questions

1. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?
(a) Millenium Fund.
(b) Treasury Fund.
(c) Endowment Fund.
(d) Quantum Fund.

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

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

4. How was Meriwether's career affected following the Treasury bill deal?
(a) He was made partner.
(b) He became a public speaker.
(c) He lost his job.
(d) He became a regulation advocate.

5. What level of risk did Long-Term offer?
(a) High.
(b) Low.
(c) None.
(d) Medium.

Short Answer Questions

1. What group did Meriwether found in 1977?

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

3. What was J.F. Eckstein & Co. primarily working on in 1979?

4. Michael Steindardt believed what was the "culprit in 1994"?

5. Meriwether was threatened with what, if his Treasury bill deal did not pan out?

(see the answer key)

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