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

Multiple Choice Questions

1. Where were Italian bonds sold by Long-Term?
(a) Swaps.
(b) Directly to investors.
(c) Under the table.
(d) Cayman Islands.

2. Who gains from working with hedge funds?
(a) The government.
(b) Impoverished countries.
(c) Women.
(d) Managers.

3. What was the internal climate at Long-Term in 1998?
(a) The same as always.
(b) Positive.
(c) Deteriorating.
(d) Negative.

4. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?
(a) Empathy.
(b) A better financial model.
(c) Real estate tips.
(d) Help.

5. What companies were selling bonds for Russia?
(a) Black market traders.
(b) Investment banking firms.
(c) All of these.
(d) Mom and pop establishments.

Short Answer Questions

1. How much did Long-Term earn in its first year of operation?

2. When Meriwether increased his position in Treasury futures, what did he expect the market to do?

3. In 1996, Long-Term was two and a half times larger than what company?

4. Who suspended arbitrage operations in April 1998?

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

(see the answer key)

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