View a FREE sample

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

Multiple Choice Questions

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

2. In 1994, what market did Long-Term begin to express an interest in?
(a) Chicago.
(b) International.
(c) Local.
(d) Chinese.

3. Who typically invested in hedge funds?
(a) Foreign banks.
(b) The Federal Reserve.
(c) The general population.
(d) A club of exclusive investors.

4. What was the typical scenario for bond investors in 1994?
(a) Few invested in bonds.
(b) Minimal gains.
(c) Loss.
(d) Substantial gains.

5. Why did Long-Term trade in Italy?
(a) It was a safe market.
(b) The tax write-off opportunity.
(c) Meriwether was Italian.
(d) The opportunity for big returns.

Short Answer Questions

1. What did Long-Term expect foreign banks to invest?

2. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?

3. What did the Black-Scholes model believe was constant?

4. What type of strategy did Long-Term employ?

5. How much did Long-Term earn in its first year of operation?

(see the answer key)

This section contains 179 words (approx. 1 page at 300 words per page) View a FREE sample