Test Your Knowledge On Wall Street
Match the Wall Street terms with the correct meanings.
- 1.
What type of trade involving futures contracts is prohibited by the Commodity Exchange Act?
- A.
Seasonal Spread Trading
- B.
Round Trip Trading
- C.
Trend Trading
- D.
Paper Trading
Correct Answer
B. Round Trip Trading -
- 2.
When did a stock market crash called "Black Friday", which was fueled by gold speculation, occur?
- A.
October, 1987
- B.
November, 1929
- C.
September 24, 1869
- D.
October, 1892
Correct Answer
C. September 24, 1869 -
- 3.
In what year did the Dow Jones Industrial Average first close over the 1000 barrier?
- A.
1971
- B.
1970
- C.
1972
- D.
1973
Correct Answer
C. 1972 -
- 4.
Which oil company executive was involved in a 1980's scheme to corner the world's silver market?
- A.
Richard Whitney
- B.
Michael Milken
- C.
Nelson Bunker Hunt
- D.
George Soros
Correct Answer
C. Nelson Bunker Hunt -
- 5.
What is the ticker symbol for Lucent Technologies?
- A.
Luc
- B.
Lu
- C.
L
- D.
Lct
Correct Answer
B. Lu -
- 6.
What happened on September 16, 1920, at 23 Wall Street?
- A.
A Fire
- B.
A Terrorist Attack
- C.
The American Stock Exchange Opened
- D.
A Flood
Correct Answer
B. A Terrorist Attack -
- 7.
When was the Dow Jones Transportation Average created?
- A.
1900
- B.
1897
- C.
1884
- D.
1891
Correct Answer
C. 1884 -
- 8.
What was the amount that Michael Milken was fined?
- A.
$50 Million
- B.
$100 Million
- C.
$200 Million
- D.
$250 Million
Correct Answer
C. $200 Million -
- 9.
What is the nickname of the day that George Soros sold over $10 billion worth of British currency?
- A.
Black Monday
- B.
Black Thursday
- C.
Black Wednesday
- D.
Black Friday
Correct Answer
C. Black Wednesday -
- 10.
Which former President of the New York Stock Exchange was convicted of embezzlement in 1938?
- A.
William C. Curant
- B.
Richard Whitney
- C.
Dwight Morrow
- D.
Charles E. Merrill
Correct Answer
B. Richard Whitney -
- 11.
Which stock had a boulder as its principal asset during the early and mid 1980's?
- A.
Indiana Limestone, Inc
- B.
Indiana Bridge
- C.
Virginia Natural Limestone
- D.
Natural Bridge Of Virginia
Correct Answer
D. Natural Bridge Of Virginia -
- 12.
What is the hobby of collecting of old security and stock certificates called?
- A.
Stockophily
- B.
Philately
- C.
Abaxophily
- D.
Scripophily
Correct Answer
D. ScripopHily -
- 13.
What is the minimum rating a bond must have to be considered "investment grade"?
- A.
BBB
- B.
AAA
- C.
A
- D.
B
Correct Answer
A. BBB -
- 14.
What is characteristic of a "Bo Derek" stock?
- A.
Its Price Fluctuates Wildly
- B.
Excellent Performance And Growth
- C.
It Is A Low Growth Stock
- D.
A High Commission Charged
Correct Answer
B. Excellent Performance And Growth -
- 15.
What landmark high close did the Dow Jones Industrial Average first achieve in 1999?
- A.
5,000
- B.
2000
- C.
14,000
- D.
10,000
Correct Answer
D. 10,000 -
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Current Version
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Mar 21, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 30, 2015Quiz Created by
Alfredhook3