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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 11-Epilogue.

Multiple Choice Questions

1. What contends that prices of publicly traded assets reflect all publicly available information?
(a) Supply and demand.
(b) Adverse selection.
(c) The uniform pay scale.
(d) The efficient market hypothesis.

2. Gary Becker is a professor of economics, sociology at what institution?
(a) The University of Montana.
(b) Fordham University.
(c) The University of Chicago.
(d) Harvard University.

3. What refers to a currency which is expected to fluctuate erratically or depreciate against other currencies?
(a) Light currency.
(b) Dark currency.
(c) Soft currency.
(d) Hard currency.

4. In Chapter 12, the author states that statistics clearly show that the world is growing more economically what?
(a) Self-sufficient.
(b) Interdependent.
(c) Impoverished.
(d) Diverse.

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?
(a) Money market.
(b) Futures contract.
(c) Index fund.
(d) Public policy.

Short Answer Questions

1. The United Nations Monetary and Financial Conference was a gathering of delegates from how many nations?

2. What refers to law which has been enacted by a legislature or other governing body, or the process of making it?

3. When did the United Nations Monetary and Financial Conference take place?

4. What refers to a market where prices are determined by supply and demand?

5. In Chapter 6, the author discusses poverty and income equality, using the example of what billionaire?

(see the answer key)

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