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

Multiple Choice Questions

1. Once in business, what did Long-Term have an easy time getting from banks?
(a) Money.
(b) Personal information.
(c) Endorsements.
(d) Workers.

2. What did Long-Term want to do for investors?
(a) All of these.
(b) Make money.
(c) Build trust.
(d) Limit risk.

3. In 1997, who awarded Long-Term the loan warrant it had requested?
(a) The Cayman Islands Commons.
(b) Union Bank of Switzerland.
(c) Chase.
(d) Bank of America.

4. What was Meriwether's team allowed to do, following the Treasury bill deal?
(a) Vacation in Italy.
(b) Spread trades.
(c) Set Treasury standards.
(d) Coach the office.

5. What was the first horrible month Long-Term had?
(a) August, 1998.
(b) July, 1998.
(c) June, 1998.
(d) It never had a horrible month.

Short Answer Questions

1. What did Meriwether warn his investors against in 1994?

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

3. Who suspended arbitrage operations in April 1998?

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

5. In 1994, what market did Long-Term begin to express an interest in?

(see the answer key)

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