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

Multiple Choice Questions

1. Who became the temporary CEO of Meriwether's group when scandal hit?
(a) Warren Buffet.
(b) John Meriwether.
(c) J.F. Salomon.
(d) Paul Mozer.

2. In 1994, what market did Long-Term begin to express an interest in?
(a) Local.
(b) Chinese.
(c) International.
(d) Chicago.

3. What did the traders accept about the financial models they used?
(a) They were expensive.
(b) They were smarter than humans.
(c) They removed the element of surprise.
(d) They were imperfect.

4. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?
(a) Help.
(b) A better financial model.
(c) Empathy.
(d) Real estate tips.

5. Who did most funds have to be registered with?
(a) CFTC.
(b) Most funds did not have to be registered.
(c) The Fed.
(d) SEC.

Short Answer Questions

1. How much money did Long-Term earn in 1996?

2. Why did Long-Term trade in Italy?

3. What group did Meriwether found in 1977?

4. How much of the face value of a bond do buyers typically pay?

5. What type of funds gained popularity in the 1990's?

(see the answer key)

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