2. What type of government paper was bought in Italy?
(a) Italian money.
(b) Floating rate.
(c) Deeds to monuments.
(d) Fluctuating rate.

3. What financial crisis did Long-Term make it through that most of the market didn't?
(a) The U.S. crisis.
(b) The Mexican crisis.
(c) The Switzerland crisis.
(d) The Germany crisis.

4. What group did Meriwether found in 1977?
(a) The Meegen Group.
(b) The Commanders.
(c) The Arbitrage Group.
(d) Smith & Meriwether Co.

5. Where was the London office for Long-Term located?
(a) Picadilly Square.
(b) Buckingham Palace.
(c) Mayfair.
(d) Winchester.

6. What did Long-Term expect foreign banks to invest?
(a) $1 million.
(b) Only individuals could invest.
(c) $100 million.
(d) $10 million.

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

8. Meriwether believed that risk and volatility were what?
(a) Quantifiable.
(b) Abstract ideas.
(c) A part of life.
(d) Unmanagable.

9. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?
(a) Millenium Fund.
(b) Endowment Fund.
(c) Quantum Fund.
(d) Treasury Fund.

10. What were popular pools in 1993?
(a) Green energy.
(b) Mortgage.
(c) Electricity.
(d) Oil.

11. What was Meriwether's team allowed to do, following the Treasury bill deal?
(a) Coach the office.
(b) Set Treasury standards.
(c) Vacation in Italy.
(d) Spread trades.

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

13. Who typically invested in hedge funds?
(a) The Federal Reserve.
(b) A club of exclusive investors.
(c) Foreign banks.
(d) The general population.

14. What was the end result of Meriwether's Treasury bill deal?
(a) It was not a notable deal.
(b) It lost a lot of money.
(c) It made a lot of money.
(d) It frightened his colleagues.

15. What year did Meriwether hire Myron Scholes?
(a) 1996.
(b) 1995.
(c) 1994.
(d) 1993.