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This quiz consists of 5 multiple choice and 5 short answer questions through Epilogue.

Multiple Choice Questions

1. Once the financial market in Russia collapsed, what did people stop trading?
(a) Commodities.
(b) Corn.
(c) Stocks.
(d) Bonds.

2. In 1996, the first bank Long-Term approached regarding credit deemed Long-Term as what?
(a) Greedy.
(b) Too risky.
(c) Brilliant.
(d) A great investment.

3. When the Fed visited Long-Term, what did Hilibrand show them?
(a) The risk aggregator.
(b) The door.
(c) His recent financial model.
(d) The new buildings.

4. During the financial crisis in 1998, what did the partners keep from the workers?
(a) Money.
(b) Information.
(c) Profits.
(d) Hope.

5. After the Russian financial crisis, what caused further fluctuations in the market?
(a) Panicked investors.
(b) Interest from the IRS.
(c) Small time investors.
(d) Interest from big oil.

Short Answer Questions

1. How much equity did Long-Term have hold of in 1997?

2. How much did the financial collapse cost investors?

3. Who was withdrawing from the hedge fund markets?

4. In 1994, why did the price of bonds drop?

5. What was Long-Term's signature trade?

(see the answer key)

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