The Amazing Quiz On Economics
15 Questions
| Total Attempts: 107
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
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