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This quiz consists of 5 multiple choice and 5 short answer questions through The Human Factor.

Multiple Choice Questions

1. What did Black and Scholes think price changes were?
(a) Common occurences.
(b) Smart corrections.
(c) Dangerous.
(d) Random events.

2. In 1996, what was the response of most of the banks in terms of offering credit financing to Long-Term?
(a) Interested.
(b) Competitive.
(c) Interested but wary.
(d) Eager.

3. In 1998, who published Meriwether's letter to his clients?
(a) The New York Times.
(b) Bloomberg.
(c) The Financial Times.
(d) The New Yorker.

4. After the first bad year experienced by Long-Term, what did its overall record look like?
(a) Mediocre.
(b) Typical.
(c) Terrible.
(d) Fantastic.

5. What did Meriwether warn his investors against in 1994?
(a) A repeat performance.
(b) Further growth.
(c) Not investing enough with Long-Term.
(d) His early retirement.

Short Answer Questions

1. What are some of the new markets Long-Term looked into in 1997?

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

3. How much money did Rosenfeld's business bring in?

4. Meriwether was threatened with what, if his Treasury bill deal did not pan out?

5. In the 1970's, what type of trading was considered dull?

(see the answer key)

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