Naked Economics: Undressing the Dismal Science Quiz | Four Week Quiz A

Charles Wheelan
This set of Lesson Plans consists of approximately 139 pages of tests, essay questions, lessons, and other teaching materials.
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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. What is a component of the financial markets for assets involved in short-term borrowing and lending with original maturities of one year or shorter time frames?
(a) Floating exchange rate.
(b) Mutual fund.
(c) Money market.
(d) Index fund.

2. In finance, what is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future delivery date?
(a) Futures contract.
(b) Supply and demand.
(c) Asset allocation.
(d) Business cycle.

3. Gary Becker was awarded the Nobel Memorial Prize in Economic Sciences in what year?
(a) 1997.
(b) 2003.
(c) 1988.
(d) 1992.

4. What term was first used in the early 1990s to denote an organization's reputation as an employer?
(a) Futures contract.
(b) Trade-off.
(c) The Juche Idea.
(d) Employer branding.

5. The Lehman Brothers bank problem in 2008 occurred because the banks weren't what, according to the author?
(a) Paying out interest.
(b) Keeping enough money on hand.
(c) Analyzing risk.
(d) Using their own money.

Short Answer Questions

1. What contends that prices of publicly traded assets reflect all publicly available information?

2. Who led the Cuban Revolution?

3. When did the Korean War begin?

4. What is a contract between two parties that specifies conditions under which payments, or payoffs, are to be made between the parties?

5. What is a collective investment scheme that aims to replicate the movements of an index of a specific financial market regardless of market conditions?

(see the answer key)

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