Economics And Finance IQ Quiz

20 Questions | Total Attempts: 222

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Economics Quizzes & Trivia

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