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

Multiple Choice Questions

1. Who became the temporary CEO of Meriwether's group when scandal hit?
(a) J.F. Salomon.
(b) John Meriwether.
(c) Paul Mozer.
(d) Warren Buffet.

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

3. What was Meriwether's team allowed to do, following the Treasury bill deal?
(a) Coach the office.
(b) Vacation in Italy.
(c) Spread trades.
(d) Set Treasury standards.

4. Where were Italian bonds sold by Long-Term?
(a) Cayman Islands.
(b) Directly to investors.
(c) Swaps.
(d) Under the table.

5. What was J.F. Eckstein & Co. primarily working on in 1979?
(a) Stocks.
(b) IO's.
(c) Bonds.
(d) Treasury Bill futures.

Short Answer Questions

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

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

3. Michael Steindardt believed what was the "culprit in 1994"?

4. What is the method of paying a percentage of a bond called?

5. What notable company went bankrupt in the 1970's?

(see the answer key)

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