Amazing Trivia Quiz On Economics

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| By Alfredhook3

Alfredhook3

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Quizzes Created: 2940 | Total Attempts: 2,676,363

Questions: 15 | Attempts: 107 | Updated: Mar 15, 2022

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Interested in some trivia on Economics? Let's get kicking

Questions and Answers

1.

What is another name for an unsecured bond?
- A.
  
  Premium Bond
- B.
  
  Sinking Fund
- C.
  
  Debenture
- D.
  
  Discount Bond
Correct Answer
C. Debenture
2.

The process of profiting from the price differences for a single asset in different markets is known as...
- A.
  
  Forex Trading
- B.
  
  Shorting
- C.
  
  Arbitrage
- D.
  
  Speculation
Correct Answer
C. Arbitrage
3.

What billionaire ran for President in 1996 on the platform of a 17% "flat tax"?
- A.
  
  Warren Buffet
- B.
  
  Donald Trump
- C.
  
  Ross Perot
- D.
  
  Steve Forbes
Correct Answer
D. Steve Forbes
4.

What theory explains how deflation can lead to an increase in GDP?
- A.
  
  Friedman Effect
- B.
  
  Solow Effect
- C.
  
  Pigou Effect
- D.
  
  Hobbes Effect
Correct Answer
C. Pigou Effect
5.

Which U.S. President appeared on the $100,000 bill?
- A.
  
  Woodrow Wilson
- B.
  
  James Madison
- C.
  
  William McKinley
- D.
  
  Grover Cleveland
Correct Answer
A. Woodrow Wilson
6.

What is the term for the portion of corporate profits paid out to stockholders?
- A.
  
  Distributed Earnings
- B.
  
  Revenue
- C.
  
  Co-Payments
- D.
  
  Dividends
Correct Answer
D. Dividends
7.

Who was the first chairman of the Federal Reserve?
- A.
  
  Roy A. Young
- B.
  
  Thomas B. McCabe
- C.
  
  Eugene I. Meyer
- D.
  
  Charles S. Hamlin
Correct Answer
D. Charles S. Hamlin
8.

What term indicates precious metals being held, bought, or sold in bulk form?
- A.
  
  Bullion
- B.
  
  Bar Stock
- C.
  
  Ingots
- D.
  
  Karats
Correct Answer
A. Bullion
9.

Cost of living adjustments to Social Security benefits are tied to what?
- A.
  
  Consumer Price Index
- B.
  
  Dow Jones Industrial Average
- C.
  
  Gross Domestic Product
- D.
  
  Producer Price Index
Correct Answer
A. Consumer Price Index
10.

Series EE bonds are issued at what percent of their face value?
- A.
  
  25%
- B.
  
  50%
- C.
  
  75%
- D.
  
  100%
Correct Answer
D. 100%
11.

What economic law states that as you continuously consume a commodity, the satisfaction derived from each subsequent unit will keep falling?
- A.
  
  Law Of Diminishing Returns
- B.
  
  Law Of Diminishing Marginal Utility
- C.
  
  Law Of Diminishing Happiness
- D.
  
  Law Of Diminishing Enjoyment
Correct Answer
B. Law Of Diminishing Marginal Utility
12.

What financial strategy involves investing a small fixed amount at regular intervals rather than investing with one large lump sum?
- A.
  
  Buy And Hold
- B.
  
  Dollar Cost Averaging
- C.
  
  Swing Trading
- D.
  
  Mean Reversion
Correct Answer
B. Dollar Cost Averaging
13.

The DAX 30 is a stock exchange located in what country?
- A.
  
  United Kingdom
- B.
  
  Switzerland
- C.
  
  Denmark
- D.
  
  Germany
Correct Answer
D. Germany
14.

As of 2011, what is the single most-traded commodity in the world?
- A.
  
  Crude Oil
- B.
  
  Natural Gas
- C.
  
  Corn
- D.
  
  Coffee
Correct Answer
A. Crude Oil
15.

The federal government taxes individuals based on what kind of income?
- A.
  
  Total Net Income
- B.
  
  Simple Net Income
- C.
  
  Adjusted Gross Income
- D.
  
  Total Gross Income
Correct Answer
C. Adjusted Gross Income

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Current Version
Mar 15, 2022

Quiz Edited by
ProProfs Editorial Team
Mar 18, 2015

Quiz Created by
Alfredhook3

Amazing Trivia Quiz On Economics

What is another name for an unsecured bond?

The process of profiting from the price differences for a single asset in different markets is known as...

What billionaire ran for President in 1996 on the platform of a 17% "flat tax"?

What theory explains how deflation can lead to an increase in GDP?

Which U.S. President appeared on the $100,000 bill?

What is the term for the portion of corporate profits paid out to stockholders?

Who was the first chairman of the Federal Reserve?

What term indicates precious metals being held, bought, or sold in bulk form?

Cost of living adjustments to Social Security benefits are tied to what?

Series EE bonds are issued at what percent of their face value?

What economic law states that as you continuously consume a commodity, the satisfaction derived from each subsequent unit will keep falling?

What financial strategy involves investing a small fixed amount at regular intervals rather than investing with one large lump sum?

The DAX 30 is a stock exchange located in what country?

As of 2011, what is the single most-traded commodity in the world?

The federal government taxes individuals based on what kind of income?