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

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

3. Where was Robert C. Merton working when Meriwether hired him?
(a) Harvard.
(b) The Federal Exchange Commission.
(c) Wall Street.
(d) NASA.

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

5. In bond trading, what are loans backed by collateral called?
(a) Repo financing.
(b) Mini trades.
(c) Exclusive trades.
(d) Fair financing.

Short Answer Questions

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

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

3. In 1993, what was happening more than usual in America?

4. How much of the face value of a bond do buyers typically pay?

5. What is the CFTC short for?

(see the answer key)

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