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This quiz consists of 5 multiple choice and 5 short answer questions through Tug-of-War.

Multiple Choice Questions

1. Meriwether believed that risk and volatility were what?
(a) Abstract ideas.
(b) A part of life.
(c) Quantifiable.
(d) Unmanagable.

2. What were the models Long-Term used unable to predict?
(a) All of these.
(b) Market collapse.
(c) Long-Term's exact income.
(d) Investor's exact return.

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

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

5. What did the banks and investors use to estimate Long-Term's assets?
(a) All of these.
(b) Their exposure.
(c) History of investments.
(d) Net worth of investors.

Short Answer Questions

1. In 1996, Long-Term was four times as large as what?

2. What is the method of paying a percentage of a bond called?

3. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?

4. Who charged Long-Term much lower fees than other clients?

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

(see the answer key)

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