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This quiz consists of 5 multiple choice and 5 short answer questions through For Chapters 8-10.

Multiple Choice Questions

1. What is the third simple need of financial markets, as discussed in Chapter 7?
(a) Raising capital.
(b) Storing, protecting and making profitable use of excess capital.
(c) Speculation.
(d) Insuring against risk.

2. In many countries, the negative effects of the Great Depression lasted until the start of what?
(a) World War I.
(b) World War II.
(c) The Korean War.
(d) Vietnam.

3. What, according to the author, motivates talented teachers to leave to go onto other professions?
(a) Capitalism.
(b) Supply and demand.
(c) The uniform pay scale.
(d) Legislation.

4. What is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities?
(a) Mutual fund.
(b) Asset allocation.
(c) Foreign Exchange Market.
(d) Index fund.

5. According to the author in Chapter 2, the average annual income is what in the location where black rhinoceros horns are worth much on the black market?
(a) $8,700.
(b) $1,000.
(c) $2,500.
(d) $6,000.

Short Answer Questions

1. Cuba remained a territory of Spain until the Spanish-American War ended in what year?

2. What is the capital of the Republic of Cuba?

3. The horns of the black rhinoceros are used to make what for the Yemenese people, according to the author in Chapter 2?

4. What term was first used in the early 1990s to denote an organization's reputation as an employer?

5. In what year did the French government try to address its unemployment rates with what the author calls the economic equivalent of fool's gold?

(see the answer key)

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