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

3. What was J.F. Eckstein & Co. primarily working on in 1979?
(a) IO's.
(b) Treasury Bill futures.
(c) Bonds.
(d) Stocks.

4. What notable invention changed the face of trading in the 1970's?
(a) The scientific calculator.
(b) The video camera.
(c) The cell phone.
(d) The computer.

5. How long did Long-Term expect their investors to commit?
(a) 1 year.
(b) 3 years.
(c) 3 months.
(d) 6 months.

6. Why did Rosenfeld choose not to co-found Kapor's project?
(a) He was too interested in finance.
(b) He was competitive with Kapor.
(c) He did not like Kapor.
(d) He was too interested in travel.

7. In bond trading, what are loans backed by collateral called?
(a) Exclusive trades.
(b) Repo financing.
(c) Mini trades.
(d) Fair financing.

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

9. What level of risk did Long-Term offer?
(a) Medium.
(b) None.
(c) Low.
(d) High.

10. Where was Robert C. Merton working when Meriwether hired him?
(a) The Federal Exchange Commission.
(b) Wall Street.
(c) Harvard.
(d) NASA.

11. What company was Kapor the founder of?
(a) Finance Development International.
(b) Lotus Development Corporation.
(c) Lochfield Growing Corporation.
(d) Circuit Finance, Inc.

12. What did Meriwether do with his staff?
(a) Dine.
(b) Play golf.
(c) All of these.
(d) Travel.

13. In order for Meriwether's Treasury futures investment to work, what did he need market prices to do?
(a) None of these.
(b) Fluctuate drastically.
(c) Remain the same.
(d) Converge.

14. Where were Italian bonds sold by Long-Term?
(a) Cayman Islands.
(b) Under the table.
(c) Directly to investors.
(d) Swaps.

15. Where did Meriwether work in 1979?
(a) Lehman.
(b) Salomon Brothers.
(c) Merrill Lynch.
(d) Long-Term.