2. What did Meriwether warn his investors against in 1994?
(a) His early retirement.
(b) Not investing enough with Long-Term.
(c) Further growth.
(d) A repeat performance.

3. Who ran the London office for Long-Term?
(a) Mullins.
(b) Meriwether.
(c) Buffet.
(d) Haghani.

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

5. Who became the temporary CEO of Meriwether's group when scandal hit?
(a) J.F. Salomon.
(b) John Meriwether.
(c) Paul Mozer.
(d) Warren Buffet.

6. In 1996, what was the response of most of the banks in terms of offering credit financing to Long-Term?
(a) Competitive.
(b) Interested.
(c) Interested but wary.
(d) Eager.

7. What affected bond trading in the 1970's?
(a) The price of commodities.
(b) The international monetary crisis.
(c) The democratic elections.
(d) The Vietnam War.

8. What did Rosenfeld and his friend develop?
(a) Energy drinks.
(b) Software.
(c) A financial museum.
(d) Energy bars.

9. Michael Steindardt believed what was the "culprit in 1994"?
(a) Poverty.
(b) Leverage.
(c) Foolish investments.
(d) Wealth.

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

11. What percentage of Americans had no knowledge of Long-Term?
(a) 10%.
(b) 75%.
(c) 50%.
(d) 99%.

12. How much did Long-Term earn in its first year of operation?
(a) 75%.
(b) 28%.
(c) 10%.
(d) 5%.

13. What did Long-Term want to do for investors?
(a) Make money.
(b) Build trust.
(c) Limit risk.
(d) All of these.

14. How much money did Rosenfeld's business bring in?
(a) Hundreds of thousands.
(b) A couple thousand.
(c) Five million.
(d) Two million.

15. In 1994, what market did Long-Term begin to express an interest in?
(a) Local.
(b) Chinese.
(c) International.
(d) Chicago.