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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 Long-Term expect foreign banks to invest?
(a) $1 million.
(b) $10 million.
(c) $100 million.
(d) Only individuals could invest.

2. What happened to Meriwether's Treasury bill deal before it was resolved?
(a) Big losses.
(b) Huge gains.
(c) It fell apart.
(d) It remained steady.

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

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

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

Short Answer Questions

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

2. Who developed the Black-Scholes model?

3. What year did Meriwether hire Myron Scholes?

4. Where was the Long-Term Capital Portfolio stored?

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

(see the answer key)

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