All About Economics
In this quiz you will learn more about Economics.
- 1.
Where would you buy crude oil futures?
- A.
New York Stock Market
- B.
NASDAQ
- C.
New York Futures Exchange
- D.
New York Mercantile Exchange
Correct Answer
D. New York Mercantile Exchange -
- 2.
An excise tax on what commodity led to a violent insurrection in Western Pennsylvania during the presidency of George Washington?
- A.
Whiskey
- B.
Cotton
- C.
Corn
- D.
Tobacco
Correct Answer
A. Whiskey -
- 3.
Paul Volcker was Chairman of the Federal Reserve during what span?
- A.
1951-1970
- B.
1978-1979
- C.
1970-1978
- D.
1979-1987
Correct Answer
D. 1979-1987 -
- 4.
If you have caused an accident, which type of automobile insurance would cover damage to your own car?
- A.
Liability
- B.
Collision
- C.
Comprehensive
- D.
Term
Correct Answer
B. Collision -
- 5.
Popular in the 17th and 18th centuries, what economic doctrine espouses high tariffs and strict government control of foreign trade?
- A.
Syndicalism
- B.
Mercantilism
- C.
Laissez-Faire
- D.
Georgism
Correct Answer
B. Mercantilism -
- 6.
What is the term for a number of shares that is less than a standard board lot?
- A.
Strange Lot
- B.
Hanging Lot
- C.
Odd Lot
- D.
Low Lot
Correct Answer
C. Odd Lot -
- 7.
What IRS form is issued to a person when they cash in a bond or savings note?
- A.
7004
- B.
1099-INT
- C.
990
- D.
I-9
Correct Answer
B. 1099-INT -
- 8.
What are the tax consequences if a typical 35-year-old leaves a company and then takes his 401(k) account balance in cash?
- A.
Normal Income Tax And A 20% Penalty
- B.
Normal Income Tax Only
- C.
No Taxes Or Penalties Would Apply
- D.
Normal Income Tax And A 10% Penalty
Correct Answer
D. Normal Income Tax And A 10% Penalty -
- 9.
A bond that gives the holder the right to force the issuer to repay it before the maturity date is called what?
- A.
Callable Bond
- B.
Feasible Bond
- C.
Returnable Bond
- D.
Putable Bond
Correct Answer
D. Putable Bond -
- 10.
Which of the following illustrates the Fisher Effect?
- A.
3% Nominal Interest Rate = 3% Unemployment
- B.
3% Inflation = 3% Real Interest Rate
- C.
3% Inflation = 3% Nominal Interest Rate
- D.
3% Inflation = 3% Unemployment
Correct Answer
C. 3% Inflation = 3% Nominal Interest Rate -
- 11.
Discontinued in 2004, series HH bonds paid interest every 6 months for how long?
- A.
10 Years
- B.
25 Years
- C.
20 Years
- D.
30 Years
Correct Answer
C. 20 Years -
- 12.
Russia has been in an economic union with what European nation since 2000?
- A.
Belarus
- B.
Moldova
- C.
Poland
- D.
Ukraine
Correct Answer
A. Belarus -
- 13.
As of December, 2011, one U.S. dollar can be exchanged for which of the following?
- A.
6.3 Chinese Yuan
- B.
6.3 Philippine Pesos
- C.
6.3 Japanese Yen
- D.
6.3 South Korean Won
Correct Answer
A. 6.3 Chinese Yuan -
- 14.
What British cabinet position is responsible for all financial and economic matters?
- A.
Chancellor Of The Exchequer
- B.
Director Of The Bank Of England
- C.
First Baron Of Her Majesty's Treasury
- D.
Paymaster General
Correct Answer
A. Chancellor Of The Exchequer -
- 15.
What design did the United States' 3-cent silver piece carry on its obverse?
- A.
Wreath
- B.
Sundial
- C.
Chain
- D.
Shield On Six-Sided Star
Correct Answer
D. Shield On Six-Sided Star -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Apr 23, 2015Quiz Edited by
ProProfs Editorial Team -
Mar 18, 2015Quiz Created by
Alfredhook3
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