The Ultimate Quiz On Economics - 2

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