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

Multiple Choice Questions

1. What word did people often use to describe Long-Term?
(a) Stupid.
(b) Communist.
(c) Genius.
(d) Dangerous.

2. What factor was forcing those with hedge funds to sell?
(a) Lack of credit.
(b) Ample credit.
(c) The Fed's involvement.
(d) Toxic assets.

3. Where was the Long-Term Capital Portfolio stored?
(a) Switzerland.
(b) Cayman Islands.
(c) Bermuda.
(d) Germany.

4. During the time period in "Hedge Fund", how many people were millionaires due to the stock market?
(a) 20 million.
(b) 5 million.
(c) 1 million.
(d) 6 million.

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

Short Answer Questions

1. What award did Merton and Scholes win for economics?

2. Who helped Meriwether raise money for Long-Term?

3. In 1993, what was happening more than usual in America?

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

5. How much money did Long-Term earn in 1996?

(see the answer key)

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