Economics And Finance IQ Quiz
20 Questions
| Total Attempts: 222
Questions and Answers
- 1.Who was the president of the United States during the Depression of 1893?
- A.
Rutherford B. Hayes
- B.
Grover Cleveland
- C.
William McKinley
- D.
Teddy Roosevelt
- 2._______________________ is a term referring to foreign countries.
- A.
Abroad
- B.
Immigrant
- C.
Currency
- D.
Economy
- 3.I am _______________________ if I can't pay my debts.
- A.
Bankrupt
- B.
Installments
- C.
Manufacturing
- D.
Financial
- 4.______________________________ are monopolies or an agreements among competitors to set high prices to get rid of competition.
- A.
Installments
- B.
Business Trusts
- C.
Mortgages
- D.
Stock Markets
- 5.A _________________ is a failure to pay a debt.
- A.
Default
- B.
Import
- C.
Exchange
- D.
Money panic
- 6.A ________________________ is a long period during which the economy is poor and goes through deflation; however, instead of the economy recovering when merchants lower their prices like in deflation, people are so broke that they don't buy things no matter how low prices go.
- A.
Depression
- B.
Money panic
- C.
Foreclosure
- D.
Default
- 7.During the Gilded Age when the nation was on the gold standard, you could _________________ paper money in return for a certain amount of gold that had the same worth.
- A.
Exchange
- B.
Income
- C.
Loan
- D.
Default
- 8.________________________ is when a bank takes away a mortgaged property because the borrower failed to make mortgage payments.
- A.
Foreclosure
- B.
Income
- C.
Money Panic
- D.
Business Trust
- 9.________________________ are businesses in other countries who are trying to sell the same products as the U.S.
- A.
Foreign competitors
- B.
Imports
- C.
Installments
- D.
Manufacturers
- 10._________________________ are goods bought from other countries and brought into the U.S.
- A.
Imports
- B.
Foreign Competitors
- C.
Installments
- D.
Abroad
- 11._______________________ is the money you are paid for performing a job.
- A.
Installments
- B.
Income
- C.
Trust
- D.
Foreclosure
- 12.___________________________ are when a large payment is made in small payments over an extended period of time.
- A.
Installments
- B.
Income
- C.
Defaults
- D.
Exchanges
- 13.________________________________ means to make from raw materials by hand or by machinery.
- A.
Manufacture
- B.
Import
- C.
Exchange
- D.
Stock
- 14.___________________________ is when people fear that their money is about to lose value so they run to banks to exchange their paper currency for gold.
- A.
Money Panic
- B.
Stock Market
- C.
Exchange
- D.
Depression
- 15.A ____________________ is the debt you pay on a loan used to buy a house or piece of land.
- A.
Mortgage
- B.
Income
- C.
Installment
- D.
Default
- 16.A __________________ is a unit of ownership in a company.
- A.
Share
- B.
Income
- C.
Mortgage
- D.
Import
- 17.A place where shares in companies, are bought and sold is called a _______________________.
- A.
Stock Market
- B.
Business Trust
- C.
Installment Agency
- D.
Government Bond
- 18.A ________________________ is a tax on foreign goods to make them more expensive.
- A.
Tariff
- B.
Import
- C.
Installment
- D.
Share
- 19.Those who do not have a job are ______________________.
- A.
Unemployed
- B.
Abroad
- C.
Monetary
- D.
Fiscal
- 20._________________________ occurred in the 1890s and was when people feared that their money was about to lose value - (the amount of gold that can be exchanged for paper currency in less than it was when it was first exchanged.) - so large masses of people ran to banks to immediately exchange their paper currency for gold so they would not lose money.
- A.
The Panic of 1893
- B.
The Great Depression
- C.
The Populist Movement
- D.
The Civil War
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