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This quiz consists of 5 multiple choice and 5 short answer questions through Dear Investors.

Multiple Choice Questions

1. Why did Rosenfeld choose not to co-found Kapor's project?
(a) He was too interested in finance.
(b) He was competitive with Kapor.
(c) He did not like Kapor.
(d) He was too interested in travel.

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

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

4. What financial crisis did Long-Term make it through that most of the market didn't?
(a) The Switzerland crisis.
(b) The U.S. crisis.
(c) The Mexican crisis.
(d) The Germany crisis.

5. How much did Long-Term earn in its first year of operation?
(a) 75%.
(b) 10%.
(c) 5%.
(d) 28%.

Short Answer Questions

1. What happened to Meriwether's Treasury bill deal before it was resolved?

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

3. What company was Kapor the founder of?

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

5. Where was Robert C. Merton working when Meriwether hired him?

(see the answer key)

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