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

Multiple Choice Questions

1. What was practically impossible to determine about Long-Term?
(a) Who was in charge.
(b) Why it was doing so well.
(c) Actual fund assets.
(d) Where it was located.

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

3. What did the letter Meriwether sent to his clients claim it was difficult to do with Long-Term?
(a) Lose money.
(b) Get a job.
(c) Take legal action.
(d) Make money.

4. What type of government paper was bought in Italy?
(a) Italian money.
(b) Fluctuating rate.
(c) Floating rate.
(d) Deeds to monuments.

5. What did Rosenfeld and his friend develop?
(a) Energy bars.
(b) Software.
(c) A financial museum.
(d) Energy drinks.

Short Answer Questions

1. What did the traders accept about the financial models they used?

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

3. In 1994, why did the yield raise on the thirty year Treasury bond?

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

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

(see the answer key)

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