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This quiz consists of 5 multiple choice and 5 short answer questions through Dear Investors.

Multiple Choice Questions

1. What year did Meriwether hire Myron Scholes?
(a) 1996.
(b) 1993.
(c) 1995.
(d) 1994.

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

3. Why did Rosenfeld choose not to co-found Kapor's project?
(a) He did not like Kapor.
(b) He was too interested in travel.
(c) He was too interested in finance.
(d) He was competitive with Kapor.

4. What is the CFTC short for?
(a) Capitalism Fortune Trust Commonwealth.
(b) Commodities Finding True Commission.
(c) Commodities Futures Trading Commission.
(d) Counting Futures Trading Commodities.

5. How long did Long-Term expect their investors to commit?
(a) 3 years.
(b) 3 months.
(c) 6 months.
(d) 1 year.

Short Answer Questions

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

2. What was the typical scenario for bond investors in 1994?

3. Meriwether believed that risk and volatility were what?

4. How much money did Meriwether need to start Long-Term?

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

(see the answer key)

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