Fun Trivia Questions On Economics
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Take this ultimate challenging quiz on Economics!
- 1.U.S. Federal income tax on the highest tax bracket peaked at what percentage in 1944?
- A.
78%
- B.
86%
- C.
94%
- D.
62%
- 2.For 2012, a person filing singly would have to make less than what amount in order to qualify for the lowest federal income tax bracket?
- A.
10700
- B.
7700
- C.
9700
- D.
8700
- 3.Which of the following types of securities does the U.S. Treasury department not sell through auction?
- A.
Treasury Bills
- B.
Savings Bonds
- C.
TIPS
- D.
Treasury Notes
- 4.The NASDAQ was created in what year?
- A.
1976
- B.
1986
- C.
1971
- D.
1981
- 5.Which of the following investment types usually carries a heavy penalty for an early withdrawal?
- A.
Stocks
- B.
Mutual Funds
- C.
Futures
- D.
Certificate Of Deposit
- 6.When an individual files for Chapter 7 bankruptcy, which variety of assets is generally used to pay off a portion of their debt?
- A.
Non-Exempt Liquid Assets
- B.
Exempt Non-Liquid Assets
- C.
Non-Exempt Non-Liquid Assets
- D.
Exempt Liquid Assets
- 7.Which of the following is true of a home equity loan?
- A.
The Interest Rate Is Fixed
- B.
The Borrower Only Needs To Pay Interest Each Month
- C.
The Repayment Term Is Usually 30 Years
- D.
The Borrower Never Receives A Lump Sum
- 8.Which of the following is an alternative name for the Consumer Price Index?
- A.
Mundell Index
- B.
Paasche Index
- C.
Laspeyres Index
- D.
Keynes Index
- 9.Which of the following states imposes a state-wide sales tax?
- A.
Montana
- B.
New Hampshire
- C.
Delaware
- D.
Wyoming
- 10.What is the minimum age at which you can withdraw from a Roth 401(k) and not face a 10% penalty fee?
- A.
59 ╜
- B.
57 ╜
- C.
56 ╜
- D.
58 ╜
- 11.What phrase coined by Adam Smith describes an economy's ability to self-correct imbalances?
- A.
The Self-Turning Wheel
- B.
The Invisible Hand
- C.
The Closed Circle
- D.
The Teeter-Totter Effect
- 12.As of December, 2011, which of the following company's stocks is not used to compute the Dow Jones Industrial Average?
- A.
Pfizer
- B.
Sears
- C.
3M
- D.
Verizon
- 13.Which of the following type of mortgage loans is usually not a target for predatory mortgage servicing?
- A.
Scratch And Dent
- B.
Fixed Rate
- C.
Subprime
- D.
Alt-A
- 14.Which of the following is not an anti-counterfeiting measure instituted by the U.S. Treasury?
- A.
Adding A "Security Strip" To Bills
- B.
Making Bills Heavier
- C.
Add More Colors To Bills
- D.
Adding Larger Portraits To Bills
- 15.What market form involves a market or industry dominated by a small number of sellers?
- A.
Polyopoly
- B.
Monopoly
- C.
Oligopoly
- D.
Multiopoly
Questions: 10 | Attempts: 18339 | Last updated: Jun 15, 2020
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