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This quiz consists of 5 multiple choice and 5 short answer questions through The Fall.

Multiple Choice Questions

1. In 1998, what market did Long-Term bet would decline?
(a) The Asian market.
(b) The U.S. market.
(c) The Latin market.
(d) The Russian market.

2. What regulation did Long-Term bypass when trading equities?
(a) Regulation-E.
(b) Regulation-B.
(c) Regulation-T.
(d) Regulation-C.

3. Who helped Meriwether raise money for Long-Term?
(a) Salomon Brothers.
(b) Warren Buffet.
(c) No one.
(d) Merrill Lynch.

4. In its first bad year, what did Long-Term maintain?
(a) A good reputation.
(b) A strong energy.
(c) A great workforce.
(d) All of these.

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

Short Answer Questions

1. What type of strategy did Long-Term employ?

2. When did Long-Term begin scrambling to raise money?

3. What was the end result of Meriwether's Treasury bill deal?

4. When did Long-Term start losing money?

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

(see the answer key)

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