Test Your Knowledge In Economics
How Much do you know about Economics?
- 1.Which of the following IRS forms lists the interest paid on a student loan?
- A.
1099-MISC
- B.
941
- C.
1098-E
- D.
4868
- 2.The United States Treasury first printed paper money during what war?
- A.
War Of 1812
- B.
U.S. Civil War
- C.
Mexican-American War
- D.
American Revolution
- 3.The CAMEL rating system evaluates the financial health of what institutions?
- A.
Insurance Companies
- B.
Trusts
- C.
Credit Unions
- D.
Banks
- 4.Which unit of U.S. paper currency weighs the most?
- A.
100-Dollar Bill
- B.
They All Weigh The Same
- C.
20-Dollar Bill
- D.
1-Dollar Bill
- 5.The first U.S. Federal statute to limit cartels and monopolies was named for what senator?
- A.
John Sherman
- B.
Andrew Volstead
- C.
Homer Ferguson
- D.
John V. Tunney
- 6.Lipper averages are used to measure the performance of what investment type?
- A.
Money Markets
- B.
Mutual Funds
- C.
Stocks
- D.
Bonds
- 7.Which retirement plan is similar to a 401(k) but designed for small companies and self-employed individuals?
- A.
419(e)
- B.
529
- C.
408(k)
- D.
403(b)
- 8.When used in finance, what term measures the amount of uncertainty or risk concerning the size of changes in a security's value?
- A.
Dispersion
- B.
Volatility
- C.
Wobble
- D.
Flippancy
- 9.As of December, 2011, what is the only Asian country to hold a coveted AAA rating from the Fitch Group?
- A.
Singapore
- B.
China
- C.
Japan
- D.
South Korea
- 10.Which variety of trade block is composed of a free trade area with a common external tariff?
- A.
Customs Union
- B.
Monetary Union
- C.
Common Market
- D.
Fiscal Union
- 11.How long was the instructions packet for the 2011 version of the IRS' 1040 form?
- A.
150 Pages
- B.
100 Pages
- C.
75 Pages
- D.
50 Pages
- 12.The term "cat bonds" is short for what?
- A.
Catered Bonds
- B.
Categorized Bonds
- C.
Catastrophe Bonds
- D.
Cataloged Bonds
- 13.What investment strategy involves spreading one's resources across a wide variety of investment types?
- A.
Playing The Field
- B.
Random Allocation
- C.
Cost Hedging
- D.
Diversification
- 14.Legislative motions which authorize the government to spend money towards a specific purpose are called what?
- A.
Outflow Bill
- B.
Ways And Means Bill
- C.
Appropriation Bill
- D.
Spending Bill
- 15.What term is used for the act of providing very small loans to entrepreneurs in impoverished nations?
- A.
Minifunds
- B.
Microcredit
- C.
Bitpayments
- D.
Nanoloans
Questions: 10 | Attempts: 16886 | Last updated: Jun 15, 2020
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