Think You Know Wall Street Trivia? Prove It
1.
What is the main trading area of the New York Stock Exchange called?
Hide Answer
Answer:
The Pit
Explanation:
The main trading area of the New York Stock Exchange is called "The Pit" because historically, traders would gather in a designated area on the trading floor known as the pit to buy and sell stocks through open outcry. This term originated from the physical structure of the trading floor, where traders would literally stand in a pit-like area to conduct their transactions. Today, while much of the trading is done electronically, the term "The Pit" is still used to refer to the central trading area on the NYSE floor.
Rate this question:
2.
What is happening when there is a "bear market" on Wall Street?
Hide Answer
Answer:
Stock Prices Are Falling
Explanation:
During a "bear market" on Wall Street, stock prices are falling. This means that there is a general decline in the prices of stocks over a prolonged period of time. Investors may be selling off their stocks due to pessimism about the market, leading to a downward trend in prices. This can be caused by various factors such as economic downturns, geopolitical events, or investor sentiment turning negative.
Rate this question:
3.
What financial institution uses a bull as their symbol?
Hide Answer
Answer:
Merrill Lynch
Explanation:
Merrill Lynch uses a bull as their symbol to represent their bullish outlook on the market. The bull is often associated with optimism, strength, and upward trends in the stock market. This symbol reflects the company's confidence in the potential for growth and success in the financial world.
Rate this question:
4.
What denotes a "bull market"?
Hide Answer
Answer:
Rising Stock Prices
Explanation:
A "bull market" is characterized by rising stock prices, indicating a period of optimism, confidence, and overall positive sentiment in the market. This trend is typically driven by strong economic performance, low unemployment rates, and high investor confidence, leading to increased buying activity and upward momentum in stock prices.
Rate this question:
5.
In what year did Wall Street hit a depression low of 41.22?
Hide Answer
Answer:
1932
Explanation:
In 1932, Wall Street hit a depression low of 41.22 due to the economic turmoil and financial crisis that characterized the Great Depression. This significant drop in stock prices reflected the widespread panic and uncertainty that gripped the financial markets during that time, leading to a prolonged period of economic hardship for many individuals and businesses.
Rate this question:
6.
In terms of over the counter stocks, what might you find on the "pink sheets"?
Hide Answer
Answer:
Bid And Asked Prices
Explanation:
The "pink sheets" typically list bid and asked prices for over the counter stocks. These bid and asked prices represent the highest price a buyer is willing to pay and the lowest price a seller is willing to accept for a particular stock. The pink sheets provide investors with information on the current market demand and supply for these stocks, helping them make informed trading decisions.
Rate this question:
7.
Which of these best defines the term Pac-Man Strategy?
Hide Answer
Answer:
A Technique Used By A Corporation That Is The Target Of A Takeover Bid To Defeat The Acquirer's Wishes
Explanation:
The Pac-Man Strategy refers to a technique used by a corporation that is the target of a takeover bid to counteract the acquirer's intentions by attempting to acquire the company that is trying to take it over. This strategy involves turning the tables on the acquirer and essentially "eating" them up, similar to how the character Pac-Man consumes pellets in the classic video game.
Rate this question:
8.
Who wrote the classic investment book "Liar's Poker"?
Hide Answer
Answer:
Michael Lewis
Explanation:
Michael Lewis is the correct answer because he is the author of the classic investment book "Liar's Poker". The book provides an insider's look into the world of Wall Street and investment banking, detailing Lewis's own experiences working at Salomon Brothers in the 1980s. Lewis's engaging writing style and insightful observations have made "Liar's Poker" a timeless and popular read for those interested in finance and the financial industry.
Rate this question:
9.
What is a strategic move by a takeover target to make its stock less attractive called?
Hide Answer
Answer:
Poison Pill
Explanation:
A poison pill is a defensive strategy implemented by a takeover target to make its stock less attractive to potential acquirers. This tactic is designed to deter hostile takeovers by making the acquisition more expensive or difficult, ultimately protecting the company's interests and giving the target company more leverage in negotiations. By implementing a poison pill, the target company aims to discourage unwanted takeover attempts and maintain control over its own destiny.
Rate this question:
10.
With other factors constant, what happens to a "plain vanilla" bond when interest rates rise?
Hide Answer
Answer:
Its Value Decreases
Explanation:
When interest rates rise, the value of existing bonds decreases because the fixed interest rate on those bonds becomes less attractive compared to new bonds being issued at higher rates. This causes the price of the "plain vanilla" bond to drop in order to adjust for the lower interest rate it offers in comparison to the current market rates. This decrease in value is a result of the inverse relationship between bond prices and interest rates.
Rate this question:
11.
When is, or was, Triple Witching Day?
Hide Answer
Answer:
3rd Friday, Last Month In A Quarter
Explanation:
Triple Witching Day refers to the simultaneous expiration of stock options, stock index futures, and stock index options. This occurs on the 3rd Friday of the last month in a quarter (March, June, September, December). On this day, there is typically increased trading volume and volatility as traders close out their positions or roll them over to the next quarter.
Rate this question:
12.
What are "Blue Sky Laws" designed to do?
Hide Answer
Answer:
Protect Against Securities Frauds
Explanation:
Blue Sky Laws are designed to regulate the offering and sale of securities to protect investors from fraudulent practices. These laws aim to ensure that companies issuing securities provide full and accurate disclosure of information to potential investors, thereby reducing the risk of fraudulent activities in the securities market. By requiring companies to comply with certain registration and disclosure requirements, Blue Sky Laws help safeguard investors from falling victim to securities frauds.
Rate this question:
13.
What is a key factor in the definition of "over the counter" or OTC stocks?
Hide Answer
Answer:
Not Traded On A Recogniized Exchange
Explanation:
OTC stocks are defined by the key factor of not being traded on a recognized exchange. This means that these stocks are not listed on major exchanges such as the NYSE or NASDAQ, but rather are traded directly between parties. This lack of exchange listing can lead to lower liquidity and transparency compared to stocks traded on major exchanges.
Rate this question:
14.
What does the acronym "REIT" refer to in the financial world?
Hide Answer
Answer:
Real Estate Investment Trust
Explanation:
A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate across a range of property sectors. By investing in REITs, individuals can gain exposure to real estate assets without having to buy, manage, or finance any properties themselves. REITs are required to distribute at least 90% of their taxable income to shareholders in the form of dividends, making them a popular choice for investors seeking regular income and diversification in their portfolios.
Rate this question:
15.
When an investor buys a stock on "margin", what does that mean?
Hide Answer
Answer:
Purchase With Borrowed Funds
Explanation:
Buying a stock on "margin" means that the investor is using borrowed funds to make the purchase. In this scenario, the investor is essentially borrowing money from a broker to buy more stock than they could afford with their own capital. This allows them to leverage their investments and potentially increase their returns, but it also comes with added risks as they will need to pay back the borrowed funds with interest.
Rate this question:
16.
Investor Bernard Baruch sold all of his stocks and avoided the Crash of 1929 based on advice from whom?
Hide Answer
Answer:
A Shoeshine Boy
Explanation:
Bernard Baruch sold all of his stocks and avoided the Crash of 1929 based on advice from a shoeshine boy because he believed that if even people from lower economic classes were investing in the stock market, it was a sign that the market was overvalued and due for a crash. This anecdote highlights the importance of considering insights from various sources, regardless of their perceived social status or expertise.
Rate this question:
17.
After "National Association of", what does the rest of the acronym "NASDAQ" represent?
Hide Answer
Answer:
Securities Dealers Automated Quotation System
Explanation:
The rest of the acronym "NASDAQ" represents Securities Dealers Automated Quotation System, which is a computerized system that facilitates trading and provides real-time stock quotes for securities listed on the stock exchange.
Rate this question:
18.
What is the highest long-term obligation rating given by Moody's Investors Service?
Hide Answer
Answer:
AAA
Explanation:
Moody's Investors Service assigns a long-term obligation rating of AAA to entities with the highest creditworthiness. This rating indicates that the entity is extremely likely to meet its financial commitments and is considered to have a very low credit risk. A AAA rating reflects a strong financial position, stable outlook, and a high level of confidence in the entity's ability to repay its debts over the long term.
Rate this question:
19.
When a company has a 2 for 1 stock split, what is the total value of their shares?
Hide Answer
Answer:
The Same As Its Previous Value
Explanation:
When a company undergoes a 2 for 1 stock split, the total value of their shares remains the same as its previous value. This is because although the number of shares doubles, the price per share is halved, resulting in the overall value of the shares staying constant. This allows existing shareholders to maintain their proportional ownership in the company without affecting the total market value of the company.
Rate this question:
20.
What term describes an order to be executed at the best available price when it is received?
Hide Answer
Answer:
Market Order
Explanation:
A market order is an instruction from an investor to a broker to buy or sell a security at the current market price. This type of order is designed to be executed quickly at the best available price at the time it is received. Market orders are typically used when the investor prioritizes speed of execution over price certainty.
Rate this question:
21.
What is "speculation"?
Hide Answer
Answer:
Risk Taking
Explanation:
Speculation refers to the practice of engaging in risky financial transactions in the hopes of making a profit. This involves taking risks with the expectation of a positive outcome, often based on limited information or uncertain factors. In essence, speculation involves making bets on uncertain outcomes in the hopes of earning a return on investment.
Rate this question:
22.
Where is NASDAQ's Trading Floor?
Hide Answer
Answer:
There Is No Floor, Its All Electronic
Explanation:
The NASDAQ's trading floor does not physically exist as it operates entirely electronically. Traders buy and sell stocks through computer networks rather than on a physical trading floor like traditional stock exchanges. This electronic trading system allows for faster and more efficient transactions without the need for a physical location for trading activities.
Rate this question:
23.
What company trades on the NY Stock Exchange under the symbol S?
Hide Answer
Answer:
Sears
Explanation:
Sears is a well-known retail company that trades on the NY Stock Exchange under the symbol S. This company has a long history in the retail industry and is easily recognizable by its symbol on the stock exchange.
Rate this question:
24.
In the abbreviation E.B.I.T.D.A., what follows "Earning Before Interest"?
Hide Answer
Answer:
Taxes, Depreciation And Amortization
Explanation:
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. This financial metric is commonly used to evaluate a company's operating performance by excluding expenses that can distort the true profitability of the business. By focusing on EBITDA, investors and analysts can get a clearer picture of a company's core earnings potential without the impact of non-operating factors like interest, taxes, depreciation, and amortization.
Rate this question:
25.
Which country's main market index is said to be an indicator of the direction the U.S. markets will take?
Hide Answer
Answer:
Japan's
Explanation:
Japan's main market index, the Nikkei 225, is often considered a leading indicator for global markets, including the U.S. This is because Japan is one of the world's largest economies and is closely connected to international markets. Movements in the Nikkei 225 can influence investor sentiment and trading activity in the U.S. markets, making it an important index to watch for those looking to anticipate market trends.
Rate this question:
26.
Which major stock exchange listed the most companies at the beginning of the 21st century?
Hide Answer
Answer:
NASDAQ
Explanation:
At the beginning of the 21st century, NASDAQ listed the most companies compared to other major stock exchanges. This can be attributed to NASDAQ's focus on technology and growth companies, which were prominent during that time period. Additionally, NASDAQ's electronic trading platform made it easier for smaller companies to list on the exchange, further contributing to the high number of listed companies.
Rate this question:
27.
How would a "watered stock" be described?
Hide Answer
Answer:
Overvalued Asset
Explanation:
A "watered stock" would be described as an overvalued asset because the term refers to a stock that is artificially inflated in value, often due to misleading information or deceptive practices. This means that the stock's price is higher than its true worth, making it overvalued in the market.
Rate this question:
28.
What is another term for the fraudulent investment scheme called a "Ponzi"?
Hide Answer
Answer:
Pyramid
Explanation:
A Ponzi scheme is often referred to as a "Pyramid" scheme because both involve taking money from new investors to pay returns to earlier investors, creating a false impression of profitability. Both schemes eventually collapse when there are not enough new investors to sustain the payouts to existing participants.
Rate this question:
29.
When were "circuit breakers" introduced on Wall Street?
Hide Answer
Answer:
After Crash Of 1987
Explanation:
After the Crash of 1987, also known as Black Monday, where the stock market experienced a significant drop in a single day, circuit breakers were introduced on Wall Street. These circuit breakers are mechanisms put in place to temporarily halt trading in order to prevent panic selling and give investors time to reassess the situation. The introduction of circuit breakers was a response to the extreme volatility and rapid decline in stock prices during the Crash of 1987.
Rate this question:
30.
What governmental body oversees investments and transactions?
Hide Answer
Answer:
Securities And Exchange Commission
Explanation:
The Securities and Exchange Commission is the governmental body responsible for overseeing investments and transactions to ensure fair and transparent markets. They regulate securities markets, protect investors, and promote capital formation. The SEC enforces laws and regulations to prevent fraud and misconduct in the financial industry, aiming to maintain the integrity of the securities market and protect investors from potential risks.
Rate this question:
31.
In 1985, the U.S. government began issuing securities with interest and principal separated known as what?
Hide Answer
Answer:
STRIPS
Explanation:
In 1985, the U.S. government started issuing STRIPS, which stands for Separate Trading of Registered Interest and Principal Securities. This allowed investors to trade the interest and principal components of Treasury securities separately, providing more flexibility and options for investors in the bond market.
Rate this question:
32.
What does the term "gap opening" mean as it relates to the price of a stock?
Hide Answer
Answer:
Big Change From Closing To Opening
Explanation:
Gap opening refers to a significant difference between the closing price of a stock on one trading day and the opening price on the following trading day. This can occur due to various factors such as news announcements, earnings reports, or market sentiment shifts overnight. A big gap opening indicates that there was a substantial change in market conditions or investor sentiment from the previous day's close to the current day's open, potentially leading to increased volatility and trading opportunities.
Rate this question:
33.
Who used the term "irrational exuberance" during the stock market boom of the 1990's?
Hide Answer
Answer:
Alan Greenspan
Explanation:
Alan Greenspan, the former chairman of the Federal Reserve, used the term "irrational exuberance" during the stock market boom of the 1990s to describe the excessive optimism and overvaluation of assets in the market. This term warned investors of the potential risks of a market bubble and served as a cautionary reminder to exercise prudence and restraint in their investment decisions.
Rate this question:
34.
Which term describes a type of stock that pays a higher dividend but has a share price that appreciates slowly?
Hide Answer
Answer:
Preferred
Explanation:
Preferred stock is a type of stock that typically pays a higher dividend compared to common stock, but its share price tends to appreciate slowly. This characteristic makes preferred stock an attractive option for investors seeking regular income through dividends rather than capital appreciation through share price growth.
Rate this question:
35.
What is the name of the indicator that is mainly used to measure inflation?
Hide Answer
Answer:
Consumer Price Index
Explanation:
The Consumer Price Index is a widely used indicator to measure inflation because it tracks the average change over time in the prices paid by consumers for a basket of goods and services. By monitoring changes in the CPI, policymakers, economists, and businesses can gain insights into the rate of inflation and make informed decisions based on this important economic indicator.
Rate this question:
36.
What is a decrease in the total number of shares in a company called?
Hide Answer
Answer:
Reverse Split
Explanation:
A reverse split, also known as a reverse stock split, is a corporate action where a company reduces the total number of its outstanding shares. This is typically done to increase the price of the stock by reducing the number of shares available, which can make the stock more attractive to investors or meet listing requirements on a stock exchange.
Rate this question:
37.
What term describes a way to profit from the price of stock declining?
Hide Answer
Answer:
Short Sale
Explanation:
Short selling is a strategy used by investors to profit from a declining stock price. In a short sale, an investor borrows shares of a stock from a broker and sells them on the market with the expectation that the price will fall. The investor then buys back the shares at a lower price, returns them to the broker, and pockets the difference as profit. This allows investors to make money even when the stock market is experiencing a downturn.
Rate this question:
38.
To become a licensed stockbroker in the U.S., what test must you pass?
Hide Answer
Answer:
Series 7
Explanation:
To become a licensed stockbroker in the U.S., one must pass the Series 7 exam. This exam is administered by the Financial Industry Regulatory Authority (FINRA) and covers a wide range of topics related to securities trading and regulations. Passing the Series 7 exam is a crucial step in obtaining the necessary license to work as a stockbroker in the United States.
Rate this question:
39.
What is another name for a "junk bond"?
Hide Answer
Answer:
Speculative Grade Bond
Explanation:
A junk bond is another name for a speculative grade bond due to its high risk of default compared to investment-grade bonds. These bonds are issued by companies with lower credit ratings, making them more speculative and therefore riskier investments. Investors are attracted to the potentially higher returns offered by junk bonds, but they also come with a higher likelihood of default.
Rate this question:
40.
Which acronym refers to the identifying numbers and symbols for all North American securities?
Hide Answer
Answer:
CUSIP
Explanation:
CUSIP stands for Committee on Uniform Security Identification Procedures. It is a unique nine-character alphanumeric code assigned to all North American securities to facilitate the clearing and settlement process. The CUSIP system helps investors, traders, and regulators easily identify and track securities, making it an essential tool in the financial industry.
Rate this question:
41.
What is a membership on a security or commodity exchange typically called?
Hide Answer
Answer:
Seat
Explanation:
A membership on a security or commodity exchange is typically called a "seat" because historically, members were granted physical seats on the trading floor where they could conduct transactions. This term has carried over into modern exchanges, even though trading is now mostly done electronically.
Rate this question:
42.
What trading strategy takes advantage of price differences in currency trading on different exchanges?
Hide Answer
Answer:
Arbitrage
Explanation:
Arbitrage is a trading strategy that involves taking advantage of price differences in the same asset on different exchanges. In the context of currency trading, arbitrage allows traders to profit from discrepancies in exchange rates between different markets. By buying a currency at a lower price on one exchange and selling it at a higher price on another, traders can make a profit from the price difference. This strategy relies on the efficient market hypothesis, which assumes that prices will eventually adjust to eliminate any arbitrage opportunities.
Rate this question:
43.
Which of the original twelve companies in the Dow Jones Industrial Average was still there in 2000?
Hide Answer
Answer:
General Electric Company
Explanation:
General Electric Company was the only original company from the original twelve in the Dow Jones Industrial Average that was still part of the index in 2000. This demonstrates the longevity and stability of General Electric as a company, maintaining its position in the index for over a century.
Rate this question:
44.
What New York street is closely associated with the business world and the stock market?
Hide Answer
Answer:
Wall Street
Explanation:
Wall Street is closely associated with the business world and the stock market because it is the financial district of New York City and home to the New York Stock Exchange. It has historically been a hub for financial institutions, investment firms, and major corporations, making it a symbol of American capitalism and economic power.
Rate this question:
45.
Which of the Russell 3000 companies does the Russell 2000 Index measure?
Hide Answer
Answer:
2,000 Smallest
Explanation:
The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index. This index is designed to track the performance of small-cap stocks in the United States, providing investors with a benchmark for this segment of the market. By focusing on smaller companies, the Russell 2000 Index offers insight into the performance of these often overlooked but potentially high-growth companies.
Rate this question:
46.
What are the government bonds called "flower bonds" typically used for?
Hide Answer
Answer:
To Pay Estate Taxes
Explanation:
Flower bonds are typically used to pay estate taxes because they allow the estate to defer the payment of taxes for up to 20 years while earning interest. This can be beneficial for individuals who have inherited a large estate but may not have immediate access to cash to cover the taxes owed. Flower bonds provide a way to settle estate tax obligations without having to sell off assets or properties.
Rate this question:
47.
How would a "quarter stock" be described?
Hide Answer
Answer:
Par Value Of $25 Per Share
Explanation:
A "quarter stock" would be described as having a par value of $25 per share. This term likely refers to a stock with a par value that is a fraction of a whole dollar amount, in this case a quarter of $100. This indicates the nominal value assigned to each share of the stock, which may or may not reflect the actual market value of the stock.
Rate this question:
48.
Which premium is not built into the interest rate on a 30-year Treasury Bond?
Hide Answer
Answer:
Default Risk Premium
Explanation:
The default risk premium is not built into the interest rate on a 30-year Treasury Bond because Treasury Bonds are considered to be virtually risk-free since they are backed by the full faith and credit of the US government. This means that investors do not demand an additional premium for default risk when purchasing Treasury Bonds.
Rate this question:
49.
How would the "delta" of a stock option be described?
Hide Answer
Answer:
Dollar Change For 1% Change In Stock Price
Explanation:
The delta of a stock option measures the dollar change in the option's price for a 1% change in the underlying stock's price. It essentially quantifies the sensitivity of the option's price to changes in the stock price, providing insight into the potential profitability and risk associated with the option.
Rate this question:
50.
Which of the following is a trading symbol of a mutual fund?
Hide Answer
Answer:
JAOLX
Explanation:
Mutual funds are typically identified by a trading symbol that consists of five letters. JAOLX fits this criteria and is likely a trading symbol of a mutual fund.
Rate this question:
51.
What is the stock symbol of the tech company that can be described as a biotech?
Hide Answer
Answer:
HGSI
Explanation:
HGSI is the stock symbol of Human Genome Sciences, a biotech company that focuses on developing novel drugs for various diseases. The company is known for its innovative approach in utilizing genomics and biotechnology to create cutting-edge treatments for patients.
Rate this question:
52.
Which of these is not a mutual fund company?
Hide Answer
Answer:
Pride
Explanation:
Pride is not a mutual fund company because it is not a well-known or recognized company in the mutual fund industry. Mutual fund companies are typically large financial institutions or investment firms that specialize in managing pooled funds from multiple investors. Since Pride is not a familiar name in the mutual fund industry, it can be inferred that it is not a mutual fund company.
Rate this question:
53.
How would you calculate a Price to Earnings or "P/E" ratio?
Hide Answer
Answer:
Market Value Per Share/Earnings Per Share
Explanation:
The Price to Earnings (P/E) ratio is calculated by dividing the market value per share by the earnings per share. This ratio is commonly used by investors to determine the relative value of a company's stock and assess its potential for growth. A high P/E ratio may indicate that a stock is overvalued, while a low P/E ratio may suggest that a stock is undervalued.
Rate this question:
54.
How can you determine the Fixed Assets Turnover ratio?
Hide Answer
Answer:
Sales/ Net Fixed Assets
Explanation:
The Fixed Assets Turnover ratio is calculated by dividing the total sales by the net fixed assets. This ratio helps in measuring how efficiently a company is utilizing its fixed assets to generate revenue. A higher ratio indicates that the company is effectively using its fixed assets to generate sales, while a lower ratio may suggest that the company is not utilizing its fixed assets efficiently. By comparing this ratio over time or with industry benchmarks, investors and analysts can assess the company's operational efficiency and asset utilization.
Rate this question:
55.
Which of these is a small cap mutual fund?
Hide Answer
Answer:
Wasatch Ultra Growth
Explanation:
Wasatch Ultra Growth is considered a small cap mutual fund because it primarily invests in small-cap companies, which are companies with a market capitalization typically between $300 million and $2 billion. Small cap mutual funds tend to have a higher growth potential but also come with higher risk due to the volatility of smaller companies.
Rate this question:
56.
What companies were the first non-NYSE stocks to be added to the Dow Jones Industrial Average in 1999?
Hide Answer
Answer:
Intel And Microsoft
Explanation:
In 1999, Intel and Microsoft were the first non-NYSE stocks to be added to the Dow Jones Industrial Average. This decision was made due to the increasing influence and importance of technology companies in the stock market at that time. Both Intel and Microsoft were leading companies in the technology sector, and their inclusion in the Dow Jones Industrial Average reflected the growing significance of technology stocks in the overall market performance.
Rate this question:
57.
The "Wall Street Journal" was first published in 1889, what did it sell for per issue?
Hide Answer
Answer:
2 Cents
Explanation:
The "Wall Street Journal" was first published in 1889 and it sold for 2 cents per issue. This low price made the newspaper accessible to a wider audience and contributed to its popularity and success in the financial world.
Rate this question:
58.
How much did Warren Buffett pay for the Omaha house he lives in?
Hide Answer
Answer:
$31,500
Explanation:
Warren Buffett paid $31,500 for the Omaha house he lives in, which is a surprisingly modest amount considering his immense wealth. This frugal decision aligns with his reputation for living a simple and unpretentious lifestyle despite being one of the richest individuals in the world. It also reflects his value of making wise investments and avoiding unnecessary extravagance.
Rate this question:
59.
Intel's stock opened at 18.350 on July 1, 2002, what was the opening price on July 3, 2000?
Hide Answer
Answer:
67.062
Explanation:
The opening price of a stock on a specific date is not directly related to the opening price on a different date. Stock prices can fluctuate based on various factors such as market conditions, company performance, and economic events. Therefore, the opening price of Intel's stock on July 3, 2000, cannot be determined based on the opening price on July 1, 2002.
Rate this question:
60.
The year 1987 marked the first time the Dow Jones Industrial Average closed above which record high point?
Hide Answer
Answer:
2000
Explanation:
In 1987, the Dow Jones Industrial Average closed above the record high point of 2000 for the first time. This indicates that the stock market experienced significant growth and reached a milestone in terms of its performance during that year.
Rate this question:
61.
Richard Whitney is famous for being the only NYSE President to have what happen?
Hide Answer
Answer:
He Went To Jail
Explanation:
Richard Whitney is famous for being the only NYSE President to have gone to jail. This notoriety stems from his embezzlement of funds from the New York Stock Exchange Gratuity Fund, which he used to cover personal losses in the stock market. His subsequent conviction and imprisonment tarnished his reputation and highlighted the need for stricter regulations and oversight within the financial industry.
Rate this question:
62.
What does a "circuit breaker" do on Wall Street?
Hide Answer
Answer:
Halts Trading For At Least One Half Hour
Explanation:
A circuit breaker on Wall Street is a mechanism designed to temporarily halt trading in order to prevent panic selling or buying during times of extreme market volatility. By pausing trading for at least one half hour, the circuit breaker gives investors time to reassess the situation and make more informed decisions, ultimately helping to stabilize the market.
Rate this question:
63.
Jack Welch is the ex-chairman of which company?
Hide Answer
Answer:
GE
Explanation:
Jack Welch is best known for being the former chairman and CEO of General Electric (GE). During his tenure at GE, Welch implemented a management style that emphasized efficiency, innovation, and growth, which led to significant success and growth for the company. Welch is often credited with transforming GE into one of the world's most valuable and successful companies during his leadership.
Rate this question:
64.
In September 2002, the Nikkei declined for the 7th straight session, it was the lowest close since what year?
Hide Answer
Answer:
1983
Explanation:
The Nikkei declining for the 7th straight session to reach its lowest close since 1983 suggests that the stock market experienced a prolonged period of negative performance similar to that seen in 1983. This comparison indicates a significant downturn in market sentiment and investor confidence, leading to the lowest levels seen in nearly two decades.
Rate this question:
65.
Which calendar month is said to have a "reputation for being cruel" to the stock market?
Hide Answer
Answer:
September
Explanation:
September is said to have a "reputation for being cruel" to the stock market because historically, it has been a month where the stock market experiences significant downturns and volatility. This could be due to various reasons such as investors returning from summer vacations, uncertainty around corporate earnings reports, or geopolitical events. The term "September effect" refers to this phenomenon of the stock market performing poorly during this particular month.
Rate this question:
66.
What percent of Nestle's sales are for chocolate?
Hide Answer
Answer:
About 3%
Explanation:
Nestle's sales for chocolate account for about 3% of their total sales. This indicates that chocolate products make up a relatively small portion of Nestle's overall revenue.
Rate this question:
67.
When Microsoft went public in 1986, what was its initial price per share?
Hide Answer
Answer:
$21
Explanation:
Microsoft went public in 1986 with an initial price per share of $21. This price was determined based on various factors such as the company's financial performance, market conditions, and investor demand at that time. The $21 price per share was considered reasonable and attractive to investors, leading to a successful initial public offering for Microsoft.
Rate this question:
68.
How many stocks were on the original Dow Jones Industrial Average in 1896?
Hide Answer
Answer:
Twelve
Explanation:
The original Dow Jones Industrial Average in 1896 consisted of twelve stocks, representing a diverse range of industries and companies. This selection of twelve stocks was chosen to provide a comprehensive snapshot of the overall performance of the stock market at that time.
Rate this question:
69.
How did Dow and Jones meet?
Hide Answer
Answer:
They Worked Together At A Newspaper
Explanation:
Dow and Jones met through their work at a newspaper, where they likely collaborated on various projects or stories. This shared professional experience would have provided them with the opportunity to get to know each other and build a relationship based on their common interests and goals within the journalism industry.
Rate this question:
70.
Who was fined $100 million in 1986 after being convicted of insider trading?
Hide Answer
Answer:
Boesky
Explanation:
Boesky was fined $100 million in 1986 after being convicted of insider trading. This significant penalty was imposed as a consequence of his illegal activities in the stock market, which involved using confidential information to make profitable trades. This case gained widespread attention and became a prominent example of the consequences of insider trading in the financial world.
Rate this question:
71.
In 1928, the number of stocks in the Dow Jones Industrial Average was increased to what number?
Hide Answer
Answer:
Thirty
Explanation:
In 1928, the number of stocks in the Dow Jones Industrial Average was increased to thirty to better represent the overall market and provide a more accurate reflection of the economy's performance. This adjustment allowed for a more diversified index that could capture a broader range of industries and companies, making it a more reliable benchmark for investors and analysts to track market trends and performance.
Rate this question:
72.
When were Microsoft and Intel added to the Dow Jones Industrial Average?
Hide Answer
Answer:
1999
Explanation:
Microsoft and Intel were added to the Dow Jones Industrial Average in 1999 due to their significant influence and market capitalization in the technology sector at that time. This decision reflected the growing importance of technology companies in the stock market and their impact on the overall economy.
Rate this question:
73.
What event did the first "ticker tape parade" on Wall Street celebrate in 1886?
Hide Answer
Answer:
Dedication Of The Statue Of Liberty
Explanation:
The first "ticker tape parade" on Wall Street in 1886 celebrated the dedication of the Statue of Liberty. Ticker tape parades became a tradition in New York City to honor significant events or individuals, with the first one being held to commemorate the unveiling of this iconic symbol of freedom and democracy. The parade involved the throwing of ticker tape from the windows of buildings along the parade route, creating a festive and celebratory atmosphere for the occasion.
Rate this question:
74.
In 1967, who became the first woman to own a seat on the New York Stock Exchange?
Hide Answer
Answer:
Muriel Siebert
Explanation:
Muriel Siebert became the first woman to own a seat on the New York Stock Exchange in 1967, breaking barriers and paving the way for other women in the financial industry. Her achievement was a significant milestone in the fight for gender equality and representation in the traditionally male-dominated world of finance. Siebert's groundbreaking accomplishment opened doors for women to enter and succeed in the world of stock trading and investing.
Rate this question:
75.
When did Joseph L. Searles III become the first black floor member of the New York Stock Exchange?
Hide Answer
Answer:
1970
Explanation:
Joseph L. Searles III became the first black floor member of the New York Stock Exchange in 1970, marking a significant milestone in the history of diversity and inclusion within the financial industry. This achievement broke barriers and paved the way for more representation of minorities in the traditionally white-dominated world of finance.
Rate this question:
76.
What was the first member firm listed on the New York Stock Exchange when it went public in 1971?
Hide Answer
Answer:
Merrill Lynch
Explanation:
Merrill Lynch was the first member firm listed on the New York Stock Exchange when it went public in 1971. As a well-established financial services company with a long history, Merrill Lynch's decision to go public was significant and set the stage for other firms to follow suit. This move helped to increase transparency and access to investment opportunities for the public, marking a milestone in the history of the NYSE.
Rate this question:
77.
In 1782, which agreement was signed?
Hide Answer
Answer:
The Buttonwood Agreement
Explanation:
The Buttonwood Agreement was signed in 1782. This agreement was signed by 24 stockbrokers outside of 68 Wall Street in New York City. It marked the beginning of organized trading in the United States and laid the foundation for what would eventually become the New York Stock Exchange. The agreement outlined rules and regulations for trading securities among the signatories, establishing the framework for the American financial system.
Rate this question:
78.
Who was the first U.S. President to visit the New York Stock Exchange while in office?
Hide Answer
Answer:
Ronald Reagan
Explanation:
Ronald Reagan was the first U.S. President to visit the New York Stock Exchange while in office. His visit in 1985 was significant as it highlighted the importance of the stock market and the economy. Reagan's visit was seen as a symbol of the strong relationship between the government and the financial sector, and it helped boost confidence in the economy during his presidency.
Rate this question:
79.
When did the NASDAQ close above 1000 for the first time?
Hide Answer
Answer:
Jul/95
Explanation:
In July 1995, the NASDAQ closed above 1000 for the first time, marking a significant milestone in the history of the stock market. This event indicated the growing strength and importance of technology companies in the market, as the NASDAQ is known for its high concentration of tech stocks. The closure above 1000 reflected investor confidence and optimism in the tech sector during that time.
Rate this question:
80.
Which exchange introduced the "Small Order Execution System" in 1987?
Hide Answer
Answer:
NASDAQ
Explanation:
In 1987, NASDAQ introduced the "Small Order Execution System" as a way to facilitate the execution of small orders efficiently. This system aimed to improve the trading experience for investors by providing faster and more reliable execution of small orders on the exchange.
Rate this question:
81.
When did brokerages switch from fixed commissions to negotiated commissions?
Hide Answer
Answer:
May/95
Explanation:
Brokerages switched from fixed commissions to negotiated commissions in May 1995. This change was a result of the SEC's approval of the Securities Industry Association's request to deregulate commission rates, allowing brokers to negotiate fees with clients. This shift marked a significant change in the industry, giving brokers more flexibility in pricing and ultimately leading to more competitive pricing for investors.
Rate this question:
82.
What year did trading begin on the NASDAQ?
Hide Answer
Answer:
1971
Explanation:
Trading began on the NASDAQ in 1971, marking the establishment of the world's first electronic stock market. This allowed for faster and more efficient trading compared to traditional floor trading on the New York Stock Exchange. The NASDAQ quickly grew in importance and became a major player in the financial markets, attracting technology companies and eventually becoming a global exchange.
Rate this question:
83.
What was the world's first electronic stock market?
Hide Answer
Answer:
NASDAQ
Explanation:
NASDAQ was the world's first electronic stock market because it was the first stock exchange to use electronic trading systems instead of traditional floor trading. This allowed for faster and more efficient trading, revolutionizing the way stocks were bought and sold. NASDAQ's electronic trading system also enabled more transparency and accessibility for investors, making it a pioneer in the world of electronic stock trading.
Rate this question:
84.
When was the New York Stock Exchange closed for a bank holiday declared by Franklin D. Roosevelt?
Hide Answer
Answer:
March, 1933
Explanation:
In March 1933, the New York Stock Exchange was closed for a bank holiday declared by Franklin D. Roosevelt. This was part of Roosevelt's efforts to stabilize the banking system during the Great Depression, as many banks were failing and causing widespread panic among depositors. By declaring a bank holiday, Roosevelt aimed to prevent further bank runs and restore confidence in the financial system.
Rate this question:
85.
When were the terms "bull" and "bear" first formally used to describe types of investors?
Hide Answer
Answer:
1775
Explanation:
The terms "bull" and "bear" were first formally used to describe types of investors in 1775. These terms originated from the way in which each animal attacks its opponents - a bull thrusts its horns up into the air, while a bear swipes its paws downward. This imagery is used to represent the behavior of investors in the market, with bulls being optimistic and believing in rising prices, while bears are pessimistic and believe in falling prices.
Rate this question:
86.
When did the New York Stock Exchange close for an extended period of time?
Hide Answer
Answer:
At The Start Of World War I
Explanation:
During the start of World War I, the New York Stock Exchange closed for an extended period of time to prevent panic selling and to assess the impact of the war on the economy. This closure was necessary to stabilize the financial markets and protect investors from potential losses during the uncertain period of the war.
Rate this question:
87.
Roughly what percentage of value was lost in the stock market crash of October 1987?
Hide Answer
Answer:
22%
Explanation:
During the stock market crash of October 1987, approximately 22% of the value was lost. This significant decline in stock prices caused widespread panic and financial turmoil among investors and institutions. The crash was one of the most severe in history, leading to a reassessment of risk management strategies in the financial industry.
Rate this question:
88.
Which Presidential candidate was nicknamed "The Barefoot Boy from Wall Street"?
Hide Answer
Answer:
Wendell Wilkie
Explanation:
Wendell Wilkie was given the nickname "The Barefoot Boy from Wall Street" due to his humble beginnings and rise to success in the business world. Despite being a successful corporate lawyer and businessman, Wilkie portrayed himself as a common man, emphasizing his roots in small-town Indiana rather than his Wall Street connections. This nickname helped to humanize him and appeal to voters during his presidential campaign in 1940.
Rate this question:
89.
Until 1921, what was the American Stock Exchange known as?
Hide Answer
Answer:
The Curb Exchange
Explanation:
Until 1921, the American Stock Exchange was known as The Curb Exchange. This name reflected the exchange's origins as a place where traders would buy and sell stocks on the curb of Wall Street. Over time, the exchange evolved and eventually changed its name to the American Stock Exchange in 1921 to better reflect its growing importance and legitimacy in the financial world.
Rate this question:
90.
What type of trade involving futures contracts is prohibited by the Commodity Exchange Act?
Hide Answer
Answer:
Round Trip Trading
Explanation:
Round Trip Trading involves buying and selling a futures contract at the same price with the intention of generating false trading volume. This practice is prohibited by the Commodity Exchange Act as it is considered manipulative and deceptive. It can artificially inflate trading activity and mislead other market participants.
Rate this question:
91.
When did a stock market crash called "Black Friday", which was fueled by gold speculation, occur?
Hide Answer
Answer:
September 24, 1869
Explanation:
The stock market crash known as "Black Friday" occurred on September 24, 1869, and was fueled by gold speculation. This event marked a significant downturn in the stock market due to the collapse of gold prices, leading to widespread panic and financial losses for many investors.
Rate this question:
92.
In what year did the Dow Jones Industrial Average first close over the 1000 barrier?
Hide Answer
Answer:
1972
Explanation:
In 1972, the Dow Jones Industrial Average first closed over the 1000 barrier, marking a significant milestone in the history of the stock market. This event reflected the strength and growth of the economy at that time, as well as the increasing investor confidence in the market.
Rate this question:
93.
Which oil company executive was involved in a 1980's scheme to corner the world's silver market?
Hide Answer
Answer:
Nelson Bunker Hunt
Explanation:
Nelson Bunker Hunt, a prominent oil company executive, was involved in a scheme in the 1980s to corner the world's silver market. This scheme involved attempting to control a significant portion of the global silver supply in order to drive up prices and profit from the market manipulation. Nelson Bunker Hunt and his brother William Herbert Hunt faced legal repercussions and financial losses as a result of their involvement in this scheme.
Rate this question:
94.
What is the ticker symbol for Lucent Technologies?
Hide Answer
Answer:
Lu
Explanation:
The ticker symbol for Lucent Technologies is Lu, which is a commonly used abbreviation for the company's name. Ticker symbols are typically short codes used to uniquely identify publicly traded companies on the stock market, and Lu is the specific code assigned to Lucent Technologies for trading purposes.
Rate this question:
95.
What happened on September 16, 1920, at 23 Wall Street?
Hide Answer
Answer:
A Terrorist Attack
Explanation:
On September 16, 1920, at 23 Wall Street, a terrorist attack occurred when a horse-drawn wagon filled with explosives was detonated in front of the headquarters of J.P. Morgan & Co. The attack was carried out by Italian anarchists in retaliation for the arrest of their comrades and was intended to destroy the financial center of the United States. The explosion killed 38 people and injured hundreds more, causing extensive damage to the building and surrounding area.
Rate this question:
96.
When was the Dow Jones Transportation Average created?
Hide Answer
Answer:
1884
Explanation:
The Dow Jones Transportation Average was created in 1884 to provide a benchmark for the performance of transportation-related companies in the stock market. This index was established by Charles Dow, the co-founder of Dow Jones & Company, as a way to track the movement of key industries such as railroads, airlines, and trucking companies. By creating this index, Dow aimed to provide investors with a comprehensive view of the transportation sector's performance and its impact on the overall economy.
Rate this question:
97.
What was the amount that Michael Milken was fined?
Hide Answer
Answer:
$200 Million
Explanation:
Michael Milken was fined $200 million for his involvement in illegal securities trading activities, specifically for violating securities laws and engaging in insider trading. This hefty fine was imposed as a form of punishment and deterrence for his unethical behavior in the financial industry.
Rate this question:
98.
What is the nickname of the day that George Soros sold over $10 billion worth of British currency?
Hide Answer
Answer:
Black Wednesday
Explanation:
On Black Wednesday, George Soros famously sold over $10 billion worth of British currency, leading to the nickname for that day. This event occurred on September 16, 1992, when Soros bet against the British pound in a move that ultimately caused the currency to crash. The nickname "Black Wednesday" reflects the significant impact and financial turmoil that resulted from Soros's actions on that day.
Rate this question:
99.
Which former President of the New York Stock Exchange was convicted of embezzlement in 1938?
Hide Answer
Answer:
Richard Whitney
Explanation:
Richard Whitney was a former President of the New York Stock Exchange who was convicted of embezzlement in 1938. He misappropriated funds from the New York Stock Exchange Gratuity Fund to cover personal losses in the stock market. Whitney's conviction was a significant scandal at the time, as he was a prominent figure in the financial world.
Rate this question:
100.
Which stock had a boulder as its principal asset during the early and mid 1980's?
Hide Answer
Answer:
Natural Bridge Of Virginia
Explanation:
During the early and mid 1980's, the Natural Bridge of Virginia was a popular tourist attraction and was considered a significant asset for the stock associated with it. The stock's principal asset being a boulder refers to the Natural Bridge itself, which was a large rock formation that served as a major draw for visitors and generated revenue for the company owning the stock.
Rate this question:
Doraemon Trivia: How Well Do You Know This Iconic Character?
Doraemon Trivia: How Well Do You Know This Iconic Character?
Science Trivia for Beginners: A Fun Way to Test Your Knowledge!
Science Trivia for Beginners: A Fun Way to Test Your Knowledge!
The Office Trivia: Do You Belong in Dunder Mifflin?
The Office Trivia: Do You Belong in Dunder Mifflin?
Back to top