Test Your Knowledge In Economics

15 Questions | Total Attempts: 108

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Economics Quizzes & Trivia

How Much do you know about Economics?


Questions and Answers
  • 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

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