The Amazing Quiz On Economics

15 Questions | By Cambronbill3 | Last updated: Mar 20, 2022 | Total Attempts: 115

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How Much Do You Really Know About Economics?

Questions and Answers

1.

For the purposes of retirement plans, a "highly compensated employee" is one who makes over $110,000 in compensations per year or...
- A.
  
  Owns At Least 10% Of The Company
- B.
  
  Owns At Least 15% Of The Company
- C.
  
  Owns At Least 5% Of The Company
- D.
  
  Owns At Least 1% Of The Company
2.

Which of the following is an indirect tax?
- A.
  
  Income Tax
- B.
  
  Estate Tax
- C.
  
  Value Added Tax
- D.
  
  Corporate Tax
3.

Until 2005, one could only directly trade shares on the New York Stock Exchange if they owned one of how many "seats"?
- A.
  
  1166
- B.
  
  1366
- C.
  
  1266
- D.
  
  1066
4.

In order to avoid being classified as an odd lot, a transaction usually needs to encompass at least how many shares?
- A.
  
  10
- B.
  
  50
- C.
  
  100
- D.
  
  1000
5.

A "sawbuck" is slang for what unit of currency?
- A.
  
  20 Dollar Bill
- B.
  
  10 Dollar Bill
- C.
  
  5 Dollar Bill
- D.
  
  2 Dollar Bill
6.

Established in 1960, USA Funds is a nonprofit corporation that grants loans to whom?
- A.
  
  The Unemployed
- B.
  
  Small Business Owners
- C.
  
  Students
- D.
  
  Farmers
7.

The North American Free Trade Agreement came into effect on January 1 of what year?
- A.
  
  1995
- B.
  
  1994
- C.
  
  1993
- D.
  
  1996
8.

What was the last year in which the United States had a positive balance of trade?
- A.
  
  1975
- B.
  
  1995
- C.
  
  1985
- D.
  
  1965
9.

What stock market index for the Tokyo Stock Exchange has been calculated by the Nihon Keizai Shimbun newspaper since 1950?
- A.
  
  S&P Asia 50
- B.
  
  Nikkei 225
- C.
  
  FTSE
- D.
  
  Topix
10.

If you have money deposited in two banks that merge, how long will the FDIC insure your two deposits separately?
- A.
  
  6 Months
- B.
  
  5 Years
- C.
  
  2 Years
- D.
  
  1 Year
11.

In August of 2008, what percentage of American mortgages were either delinquent or in foreclosure?
- A.
  
  5.20%
- B.
  
  11.20%
- C.
  
  9.20%
- D.
  
  7.20%
12.

United States Savings Bonds were first introduced under what Secretary of the Treasury?
- A.
  
  Salmon P. Chase
- B.
  
  Alexander Hamilton
- C.
  
  Henry Morgenthau
- D.
  
  Andrew W. Mellon
13.

What is the actual initialism for the entity known as Freddie Mac?
- A.
  
  FMAC
- B.
  
  FHLMC
- C.
  
  FRMAC
- D.
  
  FRMC
14.

What U.S. state's "kicker" rebate mandates that any state budgetary surplus beyond 2% must be returned to the taxpayers?
- A.
  
  Washington
- B.
  
  Montana
- C.
  
  Idaho
- D.
  
  Oregon
15.

The world's first stock exchange was opened in what Belgian city in 1460?
- A.
  
  Ghent
- B.
  
  Antwerp
- C.
  
  Brussels
- D.
  
  Bruges