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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 is the CFTC short for?
(a) Counting Futures Trading Commodities.
(b) Commodities Finding True Commission.
(c) Capitalism Fortune Trust Commonwealth.
(d) Commodities Futures Trading Commission.

2. By the end of 1996, what was the status of the credit financing Long-Term wanted?
(a) They had financing.
(b) No one would finance them.
(c) They still did not have it.
(d) All of these.

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

4. In 1996, how much did Long-Term have in assets?
(a) $140 billion.
(b) $500 million.
(c) $1 billion.
(d) $120 million.

5. In 1993, what was happening more than usual in America?
(a) Bankruptcy.
(b) Day trading.
(c) Starvation.
(d) Refinancing.

Short Answer Questions

1. What year did Meriwether hire Myron Scholes?

2. Why was Long-Term unable to get out of the situation with Russia?

3. How much of the face value of a bond do buyers typically pay?

4. When Russia began to default on its loans, what did people start doing with their high risk bonds?

5. What percentage of Americans had no knowledge of Long-Term?

(see the answer key)

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