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

Multiple Choice Questions

1. What affected bond trading in the 1970's?
(a) The Vietnam War.
(b) The price of commodities.
(c) The international monetary crisis.
(d) The democratic elections.

2. When Meriwether increased his position in Treasury futures, what did he expect the market to do?
(a) Perform typically.
(b) Rise sharply overnight.
(c) Drop substantially.
(d) Collapse.

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

4. What did a dealer from J.F. Eckstein & Co. want from Meriwether in 1979?
(a) Empathy.
(b) Help.
(c) Real estate tips.
(d) A better financial model.

5. What type of strategy did Long-Term employ?
(a) Moderate risk.
(b) Low risk.
(c) High risk.
(d) Whatever was dictated by the market.

Short Answer Questions

1. Who typically invested in hedge funds?

2. What unusual event happened when Meriwether began working with Treasury futures?

3. What type of funds gained popularity in the 1990's?

4. Who became the temporary CEO of Meriwether's group when scandal hit?

5. What is the CFTC short for?

(see the answer key)

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