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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-7.

Multiple Choice Questions

1. Ross Perot ran for President of the United States in what year?
(a) 1988.
(b) 2000.
(c) 2002.
(d) 1992.

2. According to the author, financial markets boil down to four basic simple needs. What is the second discussed in Chapter 7?
(a) Insuring against risk.
(b) Speculation.
(c) Raising capital.
(d) Storing, protecting and making profitable use of excess capital.

3. Cuba remained a territory of Spain until the Spanish-American War ended in what year?
(a) 1841.
(b) 1898.
(c) 1913.
(d) 1862.

4. In finance, what is a debt security in which the authorized issuer owes the holders a debt and, depending on the terms, is obliged to pay interest to use and/or to repay the principal at a later date?
(a) Option.
(b) Bond.
(c) Deductible.
(d) Stock.

5. With uniform rules and regulations, the cost of doing business in the private sector is what, according to the author in Chapter 3?
(a) Raised.
(b) Prohibitive.
(c) Lowered.
(d) Maintained.

Short Answer Questions

1. North Korea is a single-party state under a united front led by what party?

2. Burton G. Malkiel is an American economist, most famous for what classic finance book?

3. What refers to reasoning which constructs or evaluates deductive arguments?

4. 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?

5. What represents the original capital paid into or invested in the business by its founders?

(see the answer key)

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