Fun Trivia Quiz On Economics - 2

15 Questions | Total Attempts: 112

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Fun Trivia Quiz On Economics - 2 - Quiz

Can you answer all these questions about Economics?


Questions and Answers
  • 1. 
    What is the name of the currency of Lichtenstein, Niger, and Rwanda?
    • A. 

      Pound

    • B. 

      Franc

    • C. 

      Lira

    • D. 

      Dollar

  • 2. 
    What term refers to money established by government decree, and not fixed to any objective standard?
    • A. 

      Fiat Money

    • B. 

      Hollow Money

    • C. 

      Federal Money

    • D. 

      Mandate Money

  • 3. 
    As of 2011, which of the following countries has a largely planned economy?
    • A. 

      Cuba

    • B. 

      South Africa

    • C. 

      Canada

    • D. 

      Poland

  • 4. 
    What country's Glitnir bank was nationalized in 2008 as a result of that year's financial crisis?
    • A. 

      Denmark

    • B. 

      Belgium

    • C. 

      Norway

    • D. 

      Iceland

  • 5. 
    If you have an $84,000 loan with a 0.25% annual interest rate, how much interest would be added to the loan after 1 year?
    • A. 

      21000

    • B. 

      2100

    • C. 

      21

    • D. 

      210

  • 6. 
    According to the historian Herodotus, what civilization created the first coins around 600 BCE?
    • A. 

      Assyrians

    • B. 

      Persians

    • C. 

      Mesopotamians

    • D. 

      Lydians

  • 7. 
    When a market has a low volume of trading, it tends to display which of the following?
    • A. 

      Small Fluctuations

    • B. 

      No Fluctuations

    • C. 

      Few Fluctuations

    • D. 

      Large Fluctuations

  • 8. 
    What gruesome term describes a small upswing in a bear market?
    • A. 

      Dead Duck Bounce

    • B. 

      Dead Cat Bounce

    • C. 

      Dead Dog Bounce

    • D. 

      Dead Rat Bounce

  • 9. 
    About what percentage of the United States' savings and loan associations failed during that industry's crisis in the 1980's and 90's?
    • A. 

      4%

    • B. 

      17%

    • C. 

      11%

    • D. 

      23%

  • 10. 
    Which of the following retirement plans involves no cost whatsoever to the retiree?
    • A. 

      Profit Sharing

    • B. 

      Defined Contribution

    • C. 

      401(k)

    • D. 

      Roth IRA

  • 11. 
    A no-load fund is a mutual fund that...
    • A. 

      Is Low-Risk

    • B. 

      Does Not Impose A Sales Commission

    • C. 

      Has Dropped In Price

    • D. 

      Is Not Backed By A Financial Institution

  • 12. 
    Which of the following U.S. states was not among the top 5 in average mortgage closing costs for 2011?
    • A. 

      Utah

    • B. 

      Colorado

    • C. 

      Idaho

    • D. 

      Texas

  • 13. 
    The much-maligned Highway Revenue Act of 1982 increased the excise tax on gasoline by how much per gallon?
    • A. 

      10 Cents

    • B. 

      1 Dollar

    • C. 

      5 Cents

    • D. 

      25 Cents

  • 14. 
    If you're a stock trader and you're told to "kick out" a stock, what should you do with it?
    • A. 

      Buy It If The Asking Price Is Less Than Expected

    • B. 

      Sell It Without Regard To Price

    • C. 

      Sell It If The Bidding Price Is More Than Expected

    • D. 

      Buy It Without Regard To Price

  • 15. 
    Which of the following concepts is not an explanation for why the aggregate demand curve slopes downward?
    • A. 

      Production Effect

    • B. 

      Wealth Effect

    • C. 

      Interest Rate Effect

    • D. 

      Exchange Rate Effect

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