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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 was threatened with what, if his Treasury bill deal did not pan out?
(a) Termination.
(b) Death.
(c) A lawsuit.
(d) A promotion.

2. In 1996, what was the response of most of the banks in terms of offering credit financing to Long-Term?
(a) Interested but wary.
(b) Eager.
(c) Interested.
(d) Competitive.

3. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?
(a) 1 million.
(b) 5 million.
(c) 20 million.
(d) 6 million.

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

5. Where were Italian bonds sold by Long-Term?
(a) Directly to investors.
(b) Swaps.
(c) Under the table.
(d) Cayman Islands.

Short Answer Questions

1. When Meriwether increased his position in Treasury futures, what did he expect the market to do?

2. What notable company went bankrupt in the 1970's?

3. Where was the London office for Long-Term located?

4. What type of government paper was bought in Italy?

5. Who helped Meriwether raise money for Long-Term?

(see the answer key)

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