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

Multiple Choice Questions

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

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

3. What is the CFTC short for?
(a) Capitalism Fortune Trust Commonwealth.
(b) Commodities Finding True Commission.
(c) Commodities Futures Trading Commission.
(d) Counting Futures Trading Commodities.

4. What was the end result of Meriwether's Treasury bill deal?
(a) It made a lot of money.
(b) It frightened his colleagues.
(c) It lost a lot of money.
(d) It was not a notable deal.

5. Michael Steindardt believed what was the "culprit in 1994"?
(a) Leverage.
(b) Wealth.
(c) Poverty.
(d) Foolish investments.

Short Answer Questions

1. What was Meriwether's team allowed to do, following the Treasury bill deal?

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

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

4. Where was the London office for Long-Term located?

5. In order for Meriwether's Treasury futures investment to work, what did he need market prices to do?

(see the answer key)

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