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

Multiple Choice Questions

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

2. What did the Fed Chairman want to remove in an effort to create liquidity in the market?
(a) Short rules.
(b) Stock rules.
(c) Margin rules.
(d) Trading rules.

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

4. On what date did Russia declare a debt moratorium?
(a) September 30.
(b) August 17.
(c) July 4.
(d) August 31.

5. Where was David W. Mullins working when Meriwether hired him?
(a) Yale School of Finance.
(b) The United Nations.
(c) Federal Reserve.
(d) Salomon Brothers.

Short Answer Questions

1. What was Meriwether's team allowed to do, following the Treasury bill deal?

2. Who threatened to stop clearing the trades at Long-Term if their fund fell below a particular amunt?

3. Who suspended arbitrage operations in April 1998?

4. When the financial market in Russia collapsed, what were many in the market attempting to do?

5. What was the climate at Long-Term during the Russian financial crisis?

(see the answer key)

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