Economics Trivia - 2
Take this exciting Economics quiz and have some fun!
- 1.
Which of the following types of bonds are sometimes "triple tax free"?
- A.
Municipal Bonds
- B.
Mortgage-Backed Securities
- C.
U.S. Treasury Bonds
- D.
Corporate Bonds
Correct Answer
A. Municipal Bonds -
- 2.
In 2011, what U.S. State had the highest flat state income tax, at 5.3%, on most types of income?
- A.
Massachusetts
- B.
New Jersey
- C.
Delaware
- D.
Connecticut
Correct Answer
A. Massachusetts -
- 3.
If a person takes out a 401(k) loan, it must be repaid in equal monthly installments over how many years?
- A.
2
- B.
5
- C.
10
- D.
8
Correct Answer
B. 5 -
- 4.
What is the average lifespan of one dollar bill?
- A.
12 Months
- B.
6 Months
- C.
18 Months
- D.
9 Months
Correct Answer
B. 6 Months -
- 5.
What was the last year in which the federal funds rate was above 10%?
- A.
1974
- B.
1964
- C.
1984
- D.
1994
Correct Answer
C. 1984 -
- 6.
Leaving aside holidays, what is the lowest number of shares traded in one day on the New York Stock Exchange?
- A.
27
- B.
31
- C.
4
- D.
18
Correct Answer
B. 31 -
- 7.
Who became Managing Director of the IMF on July 5, 2011?
- A.
Camille Gutt
- B.
Dominique Strauss-Kahn
- C.
Christine Lagarde
- D.
Rodrigo Rato
Correct Answer
C. Christine Lagarde -
- 8.
For 2011, what U.S. state had the highest average credit score?
- A.
New Jersey
- B.
Minnesota
- C.
Maine
- D.
Idaho
Correct Answer
B. Minnesota -
- 9.
What African country was forced to abandon its currency in 2009 due to runaway inflation?
- A.
Chad
- B.
Sudan
- C.
Zimbabwe
- D.
Central African Republic
Correct Answer
C. Zimbabwe -
- 10.
What is the generic term for any marketable item produced to satisfy wants or needs, though it is generally used for goods only?
- A.
Commodity
- B.
Capital
- C.
Inventory
- D.
Product
Correct Answer
A. Commodity -
- 11.
In what year was the United States' tax filing deadline changed from March 15th to April 15th?
- A.
1954
- B.
1964
- C.
1974
- D.
1944
Correct Answer
A. 1954 -
- 12.
The rate of inflation in the United States reached its peak of 23.7% in what year?
- A.
1943
- B.
1977
- C.
1920
- D.
1866
Correct Answer
C. 1920 -
- 13.
Which federal program oversees reverse mortgages?
- A.
Freddie Mac
- B.
Ginnie Mae
- C.
HUD
- D.
Fannie Mae
Correct Answer
C. HUD -
- 14.
Which of the following is a capped tax?
- A.
Income Tax
- B.
Sales Tax
- C.
Capital Gains Tax
- D.
Payroll Tax
Correct Answer
D. Payroll Tax -
- 15.
Which of the following cities does not house a Federal Reserve Bank?
- A.
Minneapolis
- B.
Kansas City
- C.
Denver
- D.
St. Louis
Correct Answer
C. Denver -
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Current Version
-
Mar 22, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 18, 2015Quiz Created by
Cambronbill3
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