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This quiz consists of 5 multiple choice and 5 short answer questions through Tug-of-War.

Multiple Choice Questions

1. What did Black and Scholes use to calculate market change?
(a) History.
(b) In depth financial patterns.
(c) Meriwether's advice.
(d) Calculus and computer models.

2. In 1996, Long-Term had achieved thirty times its what?
(a) Starting capital.
(b) Original goal.
(c) Debt capacity.
(d) Proposed value.

3. 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.

4. What percentage of Americans had no knowledge of Long-Term?
(a) 10%.
(b) 99%.
(c) 75%.
(d) 50%.

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

Short Answer Questions

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

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

3. Who developed the Black-Scholes model?

4. How was Meriwether's career affected following the Treasury bill deal?

5. In 1996, the first bank Long-Term approached regarding credit deemed Long-Term as what?

(see the answer key)

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