Economics Quiz - 1

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Economics Quizzes & Trivia

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Questions and Answers
  • 1. 

    What famous orator delivered the famous "Cross of Gold" speech in 1896 to advocate bimetallism?

    • A.

      William Jennings Bryant

    • B.

      Samuel Ingham

    • C.

      William Seward

    • D.

      Robert La Follette, Sr.

    Correct Answer
    A. William Jennings Bryant
  • 2. 

    Which number is commonly associated with the main application for a Fannie Mae loan?

    • A.

      1003

    • B.

      103

    • C.

      3001

    • D.

      301

    Correct Answer
    A. 1003
  • 3. 

    Who was the first chairman of the U.S. Securities and Exchange Commission?

    • A.

      William O. Douglas

    • B.

      James M. Landis

    • C.

      Joseph P. Kennedy

    • D.

      George C. Mathews

    Correct Answer
    C. JosepH P. Kennedy
  • 4. 

    What is the highest-value Euro banknote in circulation?

    • A.

      100 Euro

    • B.

      1000 Euro

    • C.

      5000 Euro

    • D.

      500 Euro

    Correct Answer
    D. 500 Euro
  • 5. 

    What island in Micronesia famously uses massive stone wheels called Rai as currency?

    • A.

      Yap

    • B.

      Chuuk

    • C.

      Pohnpei

    • D.

      Kosrae

    Correct Answer
    A. Yap
  • 6. 

    The first usage of the words "bear" and "bull" to describe investors was in what book by Thomas Mortimer?

    • A.

      The Protestant Ethic and the Spirit of Capitalism

    • B.

      Every Man His Own Broker

    • C.

      A Treatise on Money

    • D.

      The Accumulation of Capital

    Correct Answer
    B. Every Man His Own Broker
  • 7. 

    What bird, often depicted on ancient Athenian currency, now graces the Greek 1-Euro coin?

    • A.

      Eagle

    • B.

      Kite

    • C.

      Falcon

    • D.

      Owl

    Correct Answer
    D. Owl
  • 8. 

    How many years does it take for a Series I savings bond to reach final maturity?

    • A.

      20

    • B.

      25

    • C.

      35

    • D.

      30

    Correct Answer
    D. 30
  • 9. 

    What variety of bankruptcy is specifically for farm owners?

    • A.

      Chapter 11

    • B.

      Chapter 7

    • C.

      Chapter 12

    • D.

      Chapter 13

    Correct Answer
    C. Chapter 12
  • 10. 

    The best capital structure for a corporation is one where the Weighted Average Cost of Capital is what?

    • A.

      Maximized

    • B.

      Rising

    • C.

      One

    • D.

      Minimized

    Correct Answer
    D. Minimized
  • 11. 

    Which of the following symbols is used to denote the Euro?

    • A.

      ?

    • B.

      Ç

    • C.

      ó

    • D.

      ú

    Correct Answer
    B. Ç
  • 12. 

    As of December, 2010, China holds how much money in U.S. Treasury Securities?

    • A.

      $1.16 Trillion

    • B.

      $116 Trillion

    • C.

      $11.6 Trillion

    • D.

      $116 Billion

    Correct Answer
    A. $1.16 Trillion
  • 13. 

    As of 2011, what is the federal sales tax rate in Canada?

    • A.

      5%

    • B.

      7%

    • C.

      6%

    • D.

      4%

    Correct Answer
    A. 5%
  • 14. 

    Vanguard founder John Bogle famously suggested that the percentage of your portfolio invested in what should equal your age?

    • A.

      Mutual Funds

    • B.

      Gold

    • C.

      Bonds

    • D.

      Stocks

    Correct Answer
    C. Bonds
  • 15. 

    As of 2011, what is the only U.S. state without a balanced budget amendment?

    • A.

      New Mexico

    • B.

      Texas

    • C.

      Alaska

    • D.

      Vermont

    Correct Answer
    D. Vermont

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  • Current Version
  • Mar 15, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 18, 2015
    Quiz Created by
    Cambronbill3
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