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

Multiple Choice Questions

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

2. How many employees were with Long-Term in 1996?
(a) Five.
(b) Five hundred.
(c) A couple dozen.
(d) Less than a dozen.

3. In order for Meriwether's Treasury futures investment to work, what did he need market prices to do?
(a) Remain the same.
(b) None of these.
(c) Converge.
(d) Fluctuate drastically.

4. When Meriwether increased his position in Treasury futures, what did he expect the market to do?
(a) Drop substantially.
(b) Collapse.
(c) Perform typically.
(d) Rise sharply overnight.

5. What was the typical scenario for bond investors in 1994?
(a) Minimal gains.
(b) Few invested in bonds.
(c) Substantial gains.
(d) Loss.

Short Answer Questions

1. By the end of 1996, what was the status of the credit financing Long-Term wanted?

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

3. Where was David W. Mullins working when Meriwether hired him?

4. Where was the London office for Long-Term located?

5. In 1996, the first bank Long-Term approached regarding credit deemed Long-Term as what?

(see the answer key)

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