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

Multiple Choice Questions

1. At what level was the swap rate of the United States in April 1998?
(a) Non-existant.
(b) Medium.
(c) High.
(d) Low.

2. How much did the accounts for investors increase in 1994?
(a) 20%.
(b) 10%.
(c) 50%.
(d) 5%.

3. What determines the swap rate in a country?
(a) The price of oil.
(b) The price of corn.
(c) Interest rates on government debt.
(d) Interest rates on the real estate market.

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

5. How much money did Meriwether need to start Long-Term?
(a) $1 billion.
(b) $2.5 billion.
(c) $100,000.
(d) $50 million.

Short Answer Questions

1. What did banks and investors want from Long-Term?

2. In 1996, what was the second bank Long-Term approached about financing their credit?

3. In 1993, what was happening more than usual in America?

4. In 1996, how much did Long-Term have in assets?

5. What company was Kapor the founder of?

(see the answer key)

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