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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 type of funds gained popularity in the 1990's?
(a) Value.
(b) Mutual.
(c) Real estate.
(d) Treasury.

2. What happened to Meriwether's Treasury bill deal before it was resolved?
(a) It fell apart.
(b) Big losses.
(c) Huge gains.
(d) It remained steady.

3. How much did Long-Term plan to take from its profits?
(a) 10%.
(b) 15%.
(c) 30%.
(d) 25%.

4. How much did banks and investors make in conjunction with Long-Term?
(a) 1-200 million.
(b) 50 million.
(c) Several hundred thousand.
(d) 1 million.

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

Short Answer Questions

1. In 1996, Long-Term was two and a half times larger than what company?

2. What group did Meriwether found in 1977?

3. Who ran the London office for Long-Term?

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

5. Meriwether was threatened with what, if his Treasury bill deal did not pan out?

(see the answer key)

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