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

Multiple Choice Questions

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

2. Who studied the problems that Long-Term caused within the financial system?
(a) The Fed.
(b) All of these.
(c) Meriwether.
(d) The government.

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

4. In 1998, who published Meriwether's letter to his clients?
(a) Bloomberg.
(b) The New York Times.
(c) The New Yorker.
(d) The Financial Times.

5. When did Long-Term begin scrambling to raise money?
(a) August 24.
(b) August 30.
(c) August 10.
(d) August 2.

Short Answer Questions

1. What did Black and Scholes think price changes were?

2. How much did the financial collapse cost investors?

3. What did Long-Term expect foreign banks to invest?

4. Why did Long-Term trade in Italy?

5. What group did Meriwether found in 1977?

(see the answer key)

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