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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 was J.F. Eckstein & Co. primarily working on in 1979?
(a) IO's.
(b) Stocks.
(c) Treasury Bill futures.
(d) Bonds.

2. In 1993, what was happening more than usual in America?
(a) Bankruptcy.
(b) Refinancing.
(c) Starvation.
(d) Day trading.

3. In order for Meriwether's Treasury futures investment to work, what did he need market prices to do?
(a) None of these.
(b) Remain the same.
(c) Converge.
(d) Fluctuate drastically.

4. What type of funds gained popularity in the 1990's?
(a) Mutual.
(b) Value.
(c) Real estate.
(d) Treasury.

5. Who helped Meriwether raise money for Long-Term?
(a) Merrill Lynch.
(b) No one.
(c) Warren Buffet.
(d) Salomon Brothers.

Short Answer Questions

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

2. Who developed the Black-Scholes model?

3. How much did Long-Term plan to take from its profits?

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

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

(see the answer key)

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