Test Your Knowledge In Economics

15 Questions | By Alfredhook3 | Last updated: Mar 19, 2022 | Total Attempts: 166

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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