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

Multiple Choice Questions

1. Once in business, what did Long-Term have an easy time getting from banks?
(a) Money.
(b) Endorsements.
(c) Personal information.
(d) Workers.

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

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

4. In 1994, why did the price of bonds drop?
(a) There was too much wealth in America.
(b) Property value went down.
(c) The Fed lowered interest rates.
(d) The Fed raised interest rates.

5. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?
(a) 5 million.
(b) 6 million.
(c) 20 million.
(d) 1 million.

Short Answer Questions

1. Who gains from working with hedge funds?

2. What were popular pools in 1993?

3. Where was Robert C. Merton working when Meriwether hired him?

4. What did Long-Term do with off-the-run bonds?

5. In 1994, what market did Long-Term begin to express an interest in?

(see the answer key)

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