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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 was the Long-Term Capital Portfolio stored?
(a) Bermuda.
(b) Switzerland.
(c) Germany.
(d) Cayman Islands.

2. Where was the London office for Long-Term located?
(a) Picadilly Square.
(b) Buckingham Palace.
(c) Winchester.
(d) Mayfair.

3. 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.

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

5. How was Meriwether's career affected following the Treasury bill deal?
(a) He was made partner.
(b) He became a public speaker.
(c) He lost his job.
(d) He became a regulation advocate.

Short Answer Questions

1. What did Long-Term do when IOs started to fall?

2. Who became the temporary CEO of Meriwether's group when scandal hit?

3. What was the end result of Meriwether's Treasury bill deal?

4. What group did Meriwether found in 1977?

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

(see the answer key)

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