The Ultimate Quiz On Economics - 2

15 Questions | Total Attempts: 102

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The Ultimate Quiz On Economics - 2 - Quiz

How Much do you know about Economics?


Questions and Answers
  • 1. 
    How many ridges are on the outside of a dime?
    • A. 

      118

    • B. 

      78

    • C. 

      58

    • D. 

      98

  • 2. 
    What does the financial acronym GARP stand for?
    • A. 

      Growth At A Reasonable Price

    • B. 

      Growth At A Rapid Pace

    • C. 

      Growth At A Reduced Pace

    • D. 

      Growth At A Raised Price

  • 3. 
    What U.S. President famously bragged about having "killed" the Second Bank of the United States?
    • A. 

      James K. Polk

    • B. 

      Thomas Jefferson

    • C. 

      Martin van Buren

    • D. 

      Andrew Jackson

  • 4. 
    Often used as a benchmark for a country's economic health, PPP stands for purchasing power what?
    • A. 

      Process

    • B. 

      Parity

    • C. 

      Per Capita

    • D. 

      Premium

  • 5. 
    Who served as the first U.S. Secretary of the Treasury?
    • A. 

      Henry Knox

    • B. 

      Samuel Dexter

    • C. 

      Alexander Hamilton

    • D. 

      Oliver Wolcott, Jr.

  • 6. 
    Which spread is the difference between the yield on a 3-month U.S. Treasury bill and the yield on a 3-month LIBOR?
    • A. 

      LUN Spread

    • B. 

      DOK Spread

    • C. 

      MIC Spread

    • D. 

      TED Spread

  • 7. 
    What risky investment act involves borrowing money in order to invest in securities?
    • A. 

      Buying On Leverage

    • B. 

      Buying On Fringe

    • C. 

      Buying On Margin

    • D. 

      Buying On Potential

  • 8. 
    Which federal organization regulates debt collection through the Fair Debt Collection Process Act?
    • A. 

      FTC

    • B. 

      CFOC

    • C. 

      FFIEC

    • D. 

      FDIC

  • 9. 
    Which type of capital is used to finance new, potentially high-risk projects?
    • A. 

      Venture Capital

    • B. 

      Share Capital

    • C. 

      Trade Credit

    • D. 

      Debenture

  • 10. 
    If a person would rather receive $50 than receive either $0 or $100 based on a coin flip outcome, then that person could be described as...
    • A. 

      Risk-Averse

    • B. 

      Risk-Dominant

    • C. 

      Risk-Loving

    • D. 

      Risk-Neutral

  • 11. 
    Combining the characteristics of Red Chip and Blue Chip stocks, Purple Chip stocks are traded in what city-state?
    • A. 

      Hong Kong

    • B. 

      Macao

    • C. 

      Monaco

    • D. 

      Singapore

  • 12. 
    As of 2011, which of the following is not a member of the G-8?
    • A. 

      Canada

    • B. 

      China

    • C. 

      Italy

    • D. 

      Russia

  • 13. 
    Approximately what percentage of U.S. paper money is printed for the purpose of replacing old money?
    • A. 

      85%

    • B. 

      75%

    • C. 

      65%

    • D. 

      95%

  • 14. 
    Which of the following is true of a Roth IRA?
    • A. 

      It Is Less Flexible Than A Traditional IRA

    • B. 

      Its Assets Cannot Be Passed On To Heirs

    • C. 

      Qualified Distributions Are Taxed

    • D. 

      Contributions Are Not Tax Deductible

  • 15. 
    What treatise by Adam Smith is often considered to be the origin point of modern economics?
    • A. 

      Progress and Poverty

    • B. 

      The Affluent Society

    • C. 

      The Wealth of Nations

    • D. 

      Value and Capital

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