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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. When was the first edition of "Naked Economics: Undressing the Dismal Science" published?
(a) 2006.
(b) 1997.
(c) 1995.
(d) 2002.

2. OPEC is an intergovernmental organization of how many oil-producing countries?
(a) 8.
(b) 5.
(c) 12.
(d) 23.

3. What does GDP stand for?
(a) Gross Domestic Product.
(b) Gems and Diamonds Per capita.
(c) Geographic Diversity Plot.
(d) Gain and Drain Portfolio.

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

5. 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) Supply and demand.
(b) Business cycle.
(c) Asset allocation.
(d) Futures contract.

Short Answer Questions

1. What does CEO stand for?

2. What does ERM stand for?

3. What is a mathematical equation for an unknown function of one or several variables that relates the values of the function itself and its derivatives of various orders?

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

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

(see the answer key)

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