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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 hedge fund caused a pound devaluation in Europe but made over a billion dollars?
(a) Treasury Fund.
(b) Quantum Fund.
(c) Endowment Fund.
(d) Millenium Fund.

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

3. What companies were selling bonds for Russia?
(a) Mom and pop establishments.
(b) Investment banking firms.
(c) Black market traders.
(d) All of these.

4. What word did people often use to describe Long-Term?
(a) Dangerous.
(b) Stupid.
(c) Communist.
(d) Genius.

5. What determines the swap rate in a country?
(a) The price of corn.
(b) Interest rates on the real estate market.
(c) The price of oil.
(d) Interest rates on government debt.

Short Answer Questions

1. What was the credit limit on hedge funds?

2. What was the limitation on borrowing for equity trading?

3. During the turmoil of 1998, investors avoided Long-Term because they were trying to avoid what?

4. What was the dollar amount of the premium Long-Term paid for its loan?

5. What factor was forcing those with hedge funds to sell?

(see the answer key)

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