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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, who did Long-Term first approach to handle their credit?
(a) Washington Mutual.
(b) Chase.
(c) Citibank.
(d) Bank of America.

2. Meriwether believed that risk and volatility were what?
(a) Abstract ideas.
(b) A part of life.
(c) Quantifiable.
(d) Unmanagable.

3. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?
(a) Treasury Fund.
(b) Endowment Fund.
(c) Millenium Fund.
(d) Quantum Fund.

4. Where were Italian bonds sold by Long-Term?
(a) Directly to investors.
(b) Under the table.
(c) Swaps.
(d) Cayman Islands.

5. In 1996, Long-Term had achieved thirty times its what?
(a) Original goal.
(b) Proposed value.
(c) Debt capacity.
(d) Starting capital.

Short Answer Questions

1. What did Long-Term want to do for investors?

2. How much did Long-Term plan to take from its profits?

3. What financial crisis did Long-Term make it through that most of the market didn't?

4. In the 1970's, what type of trading was considered dull?

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

(see the answer key)

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