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

2. What year did Meriwether hire Myron Scholes?
(a) 1995.
(b) 1996.
(c) 1994.
(d) 1993.

3. What percentage of Americans had no knowledge of Long-Term?
(a) 75%.
(b) 50%.
(c) 99%.
(d) 10%.

4. Where was Robert C. Merton working when Meriwether hired him?
(a) Harvard.
(b) The Federal Exchange Commission.
(c) Wall Street.
(d) NASA.

5. What did Long-Term do when IOs started to fall?
(a) Sell their shares.
(b) Lie to investors.
(c) Buy them up.
(d) Explain the situation to investors.

Short Answer Questions

1. What notable invention changed the face of trading in the 1970's?

2. Where did Meriwether work in 1979?

3. How long did Long-Term expect their investors to commit?

4. In 1996, Long-Term had achieved thirty times its what?

5. In 1996, what was the response of most of the banks in terms of offering credit financing to Long-Term?

(see the answer key)

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