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

Multiple Choice Questions

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

2. How many employees were with Long-Term in 1996?
(a) Five.
(b) Five hundred.
(c) Less than a dozen.
(d) A couple dozen.

3. What did Meriwether warn his investors against in 1994?
(a) Further growth.
(b) His early retirement.
(c) Not investing enough with Long-Term.
(d) A repeat performance.

4. Who ran the London office for Long-Term?
(a) Meriwether.
(b) Haghani.
(c) Mullins.
(d) Buffet.

5. In 1993, what was happening more than usual in America?
(a) Starvation.
(b) Bankruptcy.
(c) Refinancing.
(d) Day trading.

Short Answer Questions

1. Where did Meriwether work in 1979?

2. In 1996, what was Long-Term seeking from the bank that would handle their credit?

3. What did the letter Meriwether sent to his clients claim it was difficult to do with Long-Term?

4. What affected bond trading in the 1970's?

5. In 1996, the first bank Long-Term approached regarding credit deemed Long-Term as what?

(see the answer key)

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