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This quiz consists of 5 multiple choice and 5 short answer questions through On the Run.

Multiple Choice Questions

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

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

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

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

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

Short Answer Questions

1. How long did Long-Term expect their investors to commit?

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

3. In 1994, why did the yield raise on the thirty year Treasury bond?

4. What hedge fund caused a pound devaluation in Europe but made over a billion dollars?

5. In 1994, why did the price of bonds drop?

(see the answer key)

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