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

Multiple Choice Questions

1. What is the capital of the Democratic People's Republic of Korea?
(a) Beijing.
(b) Pyongyang.
(c) Osaka.
(d) Honk Kong.

2. Burton G. Malkiel is an American economist, most famous for what classic finance book?
(a) The Millionaire Next Door: The Surprising Secrets of America's Wealthy.
(b) A Random Walk Down Wall Street.
(c) The Wall Street MBA: Your Personal Crash Course in Corporate Finance.
(d) Extreme Money: Masters of the Universe and the Cult of Risk.

3. What country withdrew from OPEC in 2008 after it became a net importer of oil?
(a) Mexico.
(b) Egypt.
(c) The United States.
(d) Indonesia.

4. According to the author in Chapter 7, the basic set of rules and investor should follow is to do what?
(a) Save, invest, and repeat.
(b) Research, fact check, invest.
(c) Research, invest, watch.
(d) Invest, watch, sell.

5. What describes the extent to which time or effort is well used for the intended task or purpose?
(a) Reliability.
(b) Efficiency.
(c) Proximity.
(d) Intention.

Short Answer Questions

1. When was Gary Becker born?

2. What is an investment position intended to offset potential losses that may be incurred by a companion investment?

3. What is generally a fungible, negotiable financial instrument representing financial value?

4. In economics and sociology, what refers to any factor that enables or motivates a particular course of action or counts as a reason for preferring one choice to the alternatives?

5. What does OPEC stand for?

(see the answer key)

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