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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 did Long-Term plan to take from its profits?
(a) 30%.
(b) 10%.
(c) 25%.
(d) 15%.

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

3. Why did Long-Term trade in Italy?
(a) The tax write-off opportunity.
(b) The opportunity for big returns.
(c) Meriwether was Italian.
(d) It was a safe market.

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

5. Who did most funds have to be registered with?
(a) CFTC.
(b) The Fed.
(c) Most funds did not have to be registered.
(d) SEC.

Short Answer Questions

1. Once in business, what did Long-Term have an easy time getting from banks?

2. How was Meriwether's career affected following the Treasury bill deal?

3. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?

4. When Meriwether increased his position in Treasury futures, what did he expect the market to do?

5. In 1994, why did the yield raise on the thirty year Treasury bond?

(see the answer key)

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