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This quiz consists of 5 multiple choice and 5 short answer questions through Hedge Fund.

Multiple Choice Questions

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

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

3. How much did Long-Term plan to take from its profits?
(a) 10%.
(b) 15%.
(c) 30%.
(d) 25%.

4. What happened to Meriwether's Treasury bill deal before it was resolved?
(a) Huge gains.
(b) It remained steady.
(c) It fell apart.
(d) Big losses.

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

Short Answer Questions

1. Who gains from working with hedge funds?

2. Where was David W. Mullins working when Meriwether hired him?

3. What group did Meriwether found in 1977?

4. What notable invention changed the face of trading in the 1970's?

5. What type of strategy did Long-Term employ?

(see the answer key)

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