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

Multiple Choice Questions

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

2. How much of the face value of a bond do buyers typically pay?
(a) 1%.
(b) 15%.
(c) 10%.
(d) 25%.

3. In the 1970's, what type of trading was considered dull?
(a) Gasoline.
(b) Bond.
(c) Securities.
(d) Corn.

4. Where was David W. Mullins working when Meriwether hired him?
(a) Yale School of Finance.
(b) Federal Reserve.
(c) Salomon Brothers.
(d) The United Nations.

5. In 1994, why did the price of bonds drop?
(a) The Fed raised interest rates.
(b) The Fed lowered interest rates.
(c) Property value went down.
(d) There was too much wealth in America.

Short Answer Questions

1. What notable invention changed the face of trading in the 1970's?

2. What did Rosenfeld and his friend develop?

3. What did Meriwether do with his staff?

4. In bond trading, what are loans backed by collateral called?

5. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?

(see the answer key)

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