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

Multiple Choice Questions

1. What company was Kapor the founder of?
(a) Lochfield Growing Corporation.
(b) Lotus Development Corporation.
(c) Circuit Finance, Inc.
(d) Finance Development International.

2. When Russia began to default on its loans, what did people start doing with their high risk bonds?
(a) Holding.
(b) Selling.
(c) Buying.
(d) Trading.

3. What is the method of paying a percentage of a bond called?
(a) A percentage price.
(b) A haircut.
(c) A bond fee.
(d) A trim.

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

5. What did the letter Meriwether sent to his clients claim it was difficult to do with Long-Term?
(a) Get a job.
(b) Make money.
(c) Take legal action.
(d) Lose money.

Short Answer Questions

1. How much did the accounts for investors increase in 1994?

2. To create a paired-share, what is common stock partnered with?

3. What was the result for some banks due to their involvement in the derivatives market?

4. How was Meriwether's career affected following the Treasury bill deal?

5. What are some of the new markets Long-Term looked into in 1997?

(see the answer key)

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