Trivia: A Quiz On Economics! Practice Exam!

14 Questions | Total Attempts: 110

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Trivia: A Quiz On Economics! Practice Exam! - Quiz

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Questions and Answers
  • 1. 
    What was the federal minimum wage in the U.S. in 1982?
    • A. 

      3.35

    • B. 

      4.75

    • C. 

      1.15

    • D. 

      5.15

  • 2. 
    What is the New York Biltmore Hotel connected to?
    • A. 

      Empire State Building

    • B. 

      The United Nations

    • C. 

      Grand Central Terminal

    • D. 

      Penn Station

  • 3. 
    What did the Coral Gables Biltmore Hotel serve as during World War II?
    • A. 

      Missile Silo

    • B. 

      Hospital

    • C. 

      Command Center

    • D. 

      Army Barracks

  • 4. 
    What is the 2005 Hawaii Transient Accommodations Tax rate?
    • A. 

      4.50%

    • B. 

      3.50%

    • C. 

      7.25%

    • D. 

      12.80%

  • 5. 
    Where did hotel magnate Steve Wynn attend college?
    • A. 

      NYU

    • B. 

      UCLA

    • C. 

      Pennsylvania

    • D. 

      Harvard

  • 6. 
    The FDIC last changed its per-investor insurance limit in what year?
    • A. 

      1990

    • B. 

      1960

    • C. 

      1980

    • D. 

      1970

  • 7. 
    Before joining the Board of Governors of the Federal Reserve, Ben Bernanke was chair of the Economics Department at what university?
    • A. 

      Dartmouth

    • B. 

      Princeton

    • C. 

      Yale

    • D. 

      Harvard

  • 8. 
    The illegal act of taking advantage of the float to make use of non-existent funds in a checking account is called what?
    • A. 

      Check Kiting

    • B. 

      Check Flipping

    • C. 

      Check Skating

    • D. 

      Check Switching

  • 9. 
    What native of Boston invented the stock ticker in 1863?
    • A. 

      George B. Field

    • B. 

      Edward A. Calahan

    • C. 

      Samuel Morse

    • D. 

      Thomas Edison

  • 10. 
    The U.S. Government's Troubled Asset Relief Program was originally authorized to expend how much money?
    • A. 

      $700 Billion

    • B. 

      $70 Billion

    • C. 

      $7 Trillion

    • D. 

      $7 Billion

  • 11. 
    Which of the following is usually not true of preferred stock?
    • A. 

      It Is Convertible Into Common Stock

    • B. 

      It Is Callable At The Option Of The Corporation

    • C. 

      It Grants A Vote In Shareholder Meetings

    • D. 

      It Has Preference In Dividends.

  • 12. 
    In 1978, what Midwestern city became the first to default on its debts since the Great Depression?
    • A. 

      Chicago

    • B. 

      Kansas City

    • C. 

      Cleveland

    • D. 

      St. Paul

  • 13. 
    What is the full name for the currency of the United Kingdom?
    • A. 

      Weighted Pound

    • B. 

      Gold Pound

    • C. 

      Full Pound

    • D. 

      Pound Sterling

  • 14. 
    Which of the following tends to have the highest growth over periods of time as long as 18 years?
    • A. 

      Government Savings Bond

    • B. 

      Savings Account

    • C. 

      Checking Account

    • D. 

      Stocks

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