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

Multiple Choice Questions

1. How much did Long-Term plan to take from its profits?
(a) 30%.
(b) 10%.
(c) 15%.
(d) 25%.

2. When the financial market in Russia collapsed, what were many in the market attempting to do?
(a) Release losing positions.
(b) Invest in Italy.
(c) Leave the country.
(d) Acquire losing positions.

3. At what level was the swap rate of the United States in April 1998?
(a) Low.
(b) Non-existant.
(c) Medium.
(d) High.

4. Once crisis hit, how many weeks did it take for the partners to lose $3.6 billion?
(a) 5.
(b) 52.
(c) 1.
(d) 20.

5. Who did most funds have to be registered with?
(a) The Fed.
(b) SEC.
(c) CFTC.
(d) Most funds did not have to be registered.

Short Answer Questions

1. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?

2. What factor was forcing those with hedge funds to sell?

3. What did Meriwether do with his staff?

4. How was Meriwether's career affected following the Treasury bill deal?

5. During the financial crisis in 1998, what did the partners keep from the workers?

(see the answer key)

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