Trivia Quiz: Economics Exam Practice Questions!

15 Questions | By Cambronbill3 | Last updated: Mar 16, 2022 | Total Attempts: 385

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Trivia Quiz: Economics Exam Practice Questions! - Quiz

Questions and Answers

1.

What U.S. President legalized the home brewing of beer by signing an act of Congress in 1979?
- A.
  
  Gerald Ford
- B.
  
  George Bush
- C.
  
  Ronald Reagan
- D.
  
  Jimmy Carter
2.

What product asked consumers to "Taste me, Taste me"?
- A.
  
  Razzles
- B.
  
  Equal
- C.
  
  Doral
- D.
  
  Twinkies
3.

What did the "lemon campaign" advertise in the '60s?
- A.
  
  Citrus Growers Association
- B.
  
  Ford Motor Company
- C.
  
  United Fruit Company
- D.
  
  Volkswagen
4.

Who was on the U.S. dollar coin first minted in 1979?
- A.
  
  Marie Curie
- B.
  
  George Washington
- C.
  
  Harriet Tubman
- D.
  
  Susan B. Anthony
5.

Which financial institute uses the cartoon "Peanuts" in their advertisements?
- A.
  
  Dean Witter
- B.
  
  Lincoln Investments
- C.
  
  MetLife
- D.
  
  Mass Mutual
6.

Who was the founder of Wendy's restaurant chain?
- A.
  
  John H. Schnatter
- B.
  
  Wick Simmons
- C.
  
  Dave Thomas
- D.
  
  Ray Kroc
7.

What did Ted Turner establish in 1980?
- A.
  
  NBA's Atlanta Hawks
- B.
  
  Cable News Network (CNN)
- C.
  
  America Online
- D.
  
  MGM Studios
8.

Which President's picture would you find on the U.S. dollar bill?
- A.
  
  George Washington
- B.
  
  John Adams
- C.
  
  Thomas Jefferson
- D.
  
  Abraham Lincoln
9.

Which is not considered to be goods that people may buy?
- A.
  
  Groceries
- B.
  
  Toys
- C.
  
  Clothes
- D.
  
  Cutting The Grass
10.

Which is not considered a service?
- A.
  
  Trash Pickup
- B.
  
  Painting The House
- C.
  
  Dental Work
- D.
  
  Milk And Eggs
11.

In the United States, one way to become an accredited investor is to have a net worth above what amount?
- A.
  
  250000
- B.
  
  1500000
- C.
  
  500000
- D.
  
  1000000
12.

At what time does the New York Stock Exchange open each day?
- A.
  
  10:30 AM
- B.
  
  10:00 AM
- C.
  
  9:30 AM
- D.
  
  9:00 AM
13.

Bridge loans are commonly issued in what situation?
- A.
  
  The Borrower Is On The Brink Of Foreclosure.
- B.
  
  The Borrower Intends To Stay In Their Current Home.
- C.
  
  The Borrower Is Buying Their First Home.
- D.
  
  The Borrower Has An Unsold Home On The Market.
14.

What is the term for a day trader who is not affiliated with a major financial institution?
- A.
  
  Retail Day Trader
- B.
  
  Freelance Day Trader
- C.
  
  Solo Day Trader
- D.
  
  Ronin Day Trader
15.

What does the "AR" stand for in an ARM?
- A.
  
  Annual Rate
- B.
  
  Adjustable Rate
- C.
  
  Arbitrary Rate
- D.
  
  Accepted Rate