Print
Word
PDF
|
| Name: _________________________ | Period: ___________________ |
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What percentage of Americans had no knowledge of Long-Term?
(a) 50%.
(b) 99%.
(c) 10%.
(d) 75%.
2. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?
(a) Empathy.
(b) A better financial model.
(c) Help.
(d) Real estate tips.
3. What did the letter Meriwether sent to his clients claim it was difficult to do with Long-Term?
(a) Lose money.
(b) Take legal action.
(c) Make money.
(d) Get a job.
4. How long did Long-Term expect their investors to commit?
(a) 1 year.
(b) 3 years.
(c) 6 months.
(d) 3 months.
5. What did Long-Term expect foreign banks to invest?
(a) Only individuals could invest.
(b) $100 million.
(c) $10 million.
(d) $1 million.
Short Answer Questions
1. When Meriwether increased his position in Treasury futures, what did he expect the market to do?
2. In 1996, the first bank Long-Term approached regarding credit deemed Long-Term as what?
3. What level of risk did Long-Term offer?
4. In 1996, what was the response of most of the banks in terms of offering credit financing to Long-Term?
5. What year did Meriwether hire Myron Scholes?
Short Essay Questions
1. What were the legal limits on hedge fund investors?
2. How would a loan from a major bank help the partners at Long-Term make money?
3. In 1996, which significant companies did Long-Term surpass in terms of assets?
4. When did Meriwether begin making sales calls for Long-Term?
5. Why was Meriwether made a partner at Salomon?
6. What was Meriwether's business model for Long-Term?
7. How did Long-Term respond to firms that would not waive the fee for the haircut?
8. When additional investors returned to the Italian market, what did Long-Term do?
9. Why did Meriwether increase his position on Treasury Bill futures in spite of the market fluctuation?
10. Why did bonds lose their value in the 1970's?
|
This section contains 457 words (approx. 2 pages at 300 words per page) |
|
