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What Makes Your Money Work? Trivia Quiz

Remember your high school economics courses? This will be sure to bring back some bad memories.

A multiple-choice quiz by Hopsae. Estimated time: 4 mins.

Author
Hopsae

Time
4 mins

Type
Multiple Choice

Quiz #
12,499

Updated
Dec 03 21

# Qns
10

Difficulty
Average

Avg Score
6 / 10

Plays
698

Last 3 plays: comark2000 (10/10), Guest 94 (2/10), Guest 92 (9/10).

This quiz has 2 formats: you can play it as a or as shown below.
Scroll down to the bottom for the answer key.

1. Who was the chairman of the Federal Reserve during the late 1990s when the economy was humming along? Hint

Steve Forbes

Robert Rubin

Bill Gates

Alan Greenspan

NEXT>

2. What founding father of the USA pioneered the idea for a national bank? Hint

Washington

Hamilton

Jefferson

Adams

NEXT>

3. If supply rises and demand stays the same prices will rise.

True

False

NEXT>

4. Who was Karl Marx's main collabarator on his famous works? Hint

V.I. Lenin

Max Weber

Joseph Stalin

Fredrick Engels

NEXT>

5. Whose 'curve' did President Reagan use as the basis for his 'Trickle Down' economic policy? Hint

Smith

Laffer

Ricardo

Keynes

NEXT>

6. Who is considered to be the father of modern economics? Hint

David Ricardo

Adam Smith

Irving Fisher

Milton Friedman

NEXT>

7. What famous economist provided a challenge to the classical model during the Great Depression? Hint

Ray Harrod

John Keynes

John Hicks

Jean-Baptiste Say

NEXT>

8. In standard economic equations, what letter represents capital? Hint

NEXT>

9. In a 'laissez-faire' economy, the government sets prices.

True

False

NEXT>

10. What is the term used to describe the twin problems of inflation and stagnation?

Answer: (One Word)

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Most Recent Scores

Sep 10 2023 : comark2000: 10/10
Aug 18 2023 : Guest 94: 2/10
Aug 03 2023 : Guest 92: 9/10

Score Distribution

Quiz Answer Key and Fun Facts

1. Who was the chairman of the Federal Reserve during the late 1990s when the economy was humming along?

Answer: Alan Greenspan

The most powerful man in our economy then, he could cause markets to move merely on his words.

2. What founding father of the USA pioneered the idea for a national bank?

Answer: Hamilton

Men were men back then. He angered Vice President Aaron Burr, who then shot him in a duel.

3. If supply rises and demand stays the same prices will rise.

Answer: False

4. Who was Karl Marx's main collabarator on his famous works?

Answer: Fredrick Engels

Was the intellectual beginning of the socialist revolution of the early 20th century.

5. Whose 'curve' did President Reagan use as the basis for his 'Trickle Down' economic policy?

Answer: Laffer

Basically this said that if you lower tax rates that people will spend more money and increase tax revenues.

6. Who is considered to be the father of modern economics?

Answer: Adam Smith

He's the reason you had to sit through all those boring econ classes.

7. What famous economist provided a challenge to the classical model during the Great Depression?

Answer: John Keynes

He created an entirely new theory known as the Keynesian model.

8. In standard economic equations, what letter represents capital?

Answer: K

9. In a 'laissez-faire' economy, the government sets prices.

Answer: False

10. What is the term used to describe the twin problems of inflation and stagnation?

Answer: stagflation

Source: Author Hopsae

This quiz was reviewed by FunTrivia editor Terry before going online.
Any errors found in FunTrivia content are routinely corrected through our feedback system.

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Referenced Topics

World People Government Vocabulary Business World Economics

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