Wednesday, April 27, 2016

AoM Quiz Questions

Here are the questions that I have received, feel free if you still haven't emailed them to add your questions  to the comments.


1.      What was the day commonly called when the stock market crashed in October 28th 1929?
2.      Both Franklin Roosevelt and John Keynes believed that the crash on October 28th was caused by
3.      What was the name of the company that ended the bubble of the twentieth century and controlled a quarter of the US natural gas business? 
           4.      What is one key thing that was mentioned that determines the success of a company?            
           5.      Which president closed the so-called gold 'window' in which dollars could be exchanged for                 gold?
a. Donald Trump
b. JFK
c. Richard Nixon
d. Lindon B. Johnson
        6. Which family did the book say "left such an imprint" on the Renaissance?
a. The Medicis
b. The Kardashians
c. The Bardis
d. The Peruzzi
        7. Who wanted to make the Medici legitimate?
a. King Edward III
b. Viere Medici
c. Giovanni Medici
d. Obama
         8. The game of monopoly was created by a citizen of which nation?
            A. England
            B. U.S.A.
            C. France
            D. Germany
        9. What was the name of the original proto-monopoly game?
            A. Property Rush
            B. Minecraft
            C. The Renter’s Game
            D. The Landlord’s Game
        10. The man who modified the prototype to make current-day Monopoly was:
            A. Charles Darwin
            B. Charles Darrow
            C. Charles Rutherford
            D. Charles Russ
       11. Monopoly during the Great Depression was such a hit because:
            A: It taught children frugality
            B: It had bright flashy colors that people would stare at for hours
            C: It had lots of fake money
            D: Monopoly wasn’t invented until 1946

Answers: B, D, B, C

        12. After their deregulation, what were Savings and Loans allowed to invest in?
a.         only long-term mortgages
b.         only commercial property
c.         anything they wanted

        13. Who were subprime mortgages lent out to?
a.         large corporations
b.         the poor
c.         the middle-class

         14. What is securitization?
a.         the conversion of mortgages into bonds
b.         the insurance of mortgages by the Federal government

c.         the practice of only offering mortgages to people who are low credit risks

11 comments:

  1. Chapter 4 Questions:
    1, who were the developers of the logistics of insurance?
    A. mathmeticians
    2. What is insurance
    A. coverage/provision in case of emergency.
    3. What is the purpose of insurance?
    A. to make sure that people are covered for in the case of a disaster
    4. What are two ways of providing coverage for people when they lack their own resources?
    A. private/local insurance and welfare
    5. What is the main concern expressed in the chapter?
    A. What happens when there isn't enough insurance to go around.
    BONUS QUESTION:
    6. What was the book's solution to insurance going bad?
    A. hedging

    ReplyDelete
  2. Umm...something is majorly wrong with the first questions. The history channel states that the Wall Street Stock Market Crash of 1929 happened on October 29 (Black Tuesday)...NOT October 28

    ReplyDelete
    Replies
    1. Then they're is something Marjory wrong with the book so deal with it!

      Delete
    2. *there... 'cause I can spell XD

      Delete
  3. Is the test tomorrow? I don't see it in the syllabus.

    ReplyDelete
  4. Is the test tomorrow? I don't see it in the syllabus.

    ReplyDelete

  5. 1. What were Confederate bonds backed by?
    *Cotton*
    2. Who was one of the founding members of the London branch of the (then) world’s largest bank?
    *Nathan Mayer Rothschild*
    3. When could British Consul bonds able to be sold back?
    Unless market value was equal to or greater than par value
    4. What were the two British Consul coupon rates?
    *3% and 5%*
    5. Who were the Rothschild’s rivals?
    *The Barings*

    ReplyDelete
  6. By the way, the answers to questions 12-14 are: a, b,a

    ReplyDelete
  7. 1. What is Ferguson’s portmanteau of the two largest growing economies in the world?

    2. Who was the Serbian assassin who could be held responsible for World War 1 and 2?

    3. Who was the Capo dei Capi of hedge fund management?

    4. What was one of the two monetary funds associated with the “economic hit men”

    5. True or False: Ferguson claims finance follows a Darwinian path.


    Answers:

    Chimerica
    Gavrilo Princep
    George Soros
    IMF and the World Bank
    True

    ReplyDelete