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Q.1
The Federal Reserve can loan money...
Only with Presidential approval
Only with Congressional oversight
Without Congressional oversight
And often offers free toasters
Q.2
A monetary instrument that allows approved banks to borrow from the Federal Reserve at a discounted rate for a short period of time is called...
The Bank Loan Window
The Discount Window
The Drive-Thru Window
The Window of Opportunity
Q.3
When a car owner is purposely careless about locking her car because she has insurance that would cover theft, this is an example of...
Reckless Endangerment
Responsibility Hazard
Moral Hazard
Dukes of Hazzard
Q.4
In order to invest in a hedge fund, an individual must have...
A net worth or joint net worth exceeding $1,000,000 or joint income exceeding $200,000 in each of the two most recent years and can be expected to meet that income in the current year
A net worth or joint net worth exceeding $500,000 or joint income exceeding $100,000 in each of the two most recent years and can be expected to meet that income in the current year
A net worth or joint net worth exceeding $50,000 or joint income exceeding $10,000 in each of the two most recent years and can be expected to meet that income in the current year
Well-trimmed hedges
Q.5
Profit from the sale of assets owned for more than a year, known as long-term capital gains, when compared to other income, are taxed at...
The same rate
A higher rate
A lower rate
Half of last year's rate
Q.6
Which of the following was a 37-page document aimed at tightening bank regulations following a major national financial crisis...
The Glass-Steagall Act in 1933
The Economic Recovery Act of 2009
The Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010
The “No More Free Lunch” Act of 2001
Q.7
Which of the following was a 2,300-page document aimed at tightening bank regulations following a major national financial crisis?
The “So Long, We Didn’t Bother Reading It” Act of 2010
The Glass-Steagall Act in 1933
The Economic Recovery Act of 2009
The Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010
Q.8
No-doc and lo-doc home loans are currently...
Legal
Illegal
Guaranteed by the government
Being renamed as “doc-challenged” loans
Q.9
A short-term, unsecured loan is called...
Unsecured paper
Commercial paper
Dunder-Mifflin paper
Not Worth The Paper It’s Written On
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