Challenge your financial prowess with this 10-question quiz about the latest US economic headlines!
1. Which major US stock index has enjoyed the biggest gain so far in 2024? (a) Dow Jones Industrial Average (b) S&P 500 (c) Nasdaq Composite (d) Russell 2000
2. What did the Federal Reserve decide about the benchmark interest rate at its recent meeting? (a) Increase by 0.25% (b) Hold steady (c) Decrease by 0.25% (d) No change, decision expected later
3. Did any major US banks announce a high-profile merger? (a) Yes, JPMorgan Chase and Bank of America. (b) Yes, Wells Fargo and Citigroup. (c) Yes, Goldman Sachs and Morgan Stanley. (d) No, there were no major bank mergers announced.
4. What major milestone led to Tesla’s recent stock price surge? (a) Delivery of 1 million vehicles in 2023 (b) Completion of a new Gigafactory (c) Development of a revolutionary battery technology (d) Introduction of a self-driving car feature
5. Which popular clothing retailer unfortunately filed for bankruptcy protection? (a) Macy’s (b) Lululemon (c) Gap Inc. (d) Nordstrom
6. How is the median home price in the US expected to behave in 2024? (a) Remain stable (b) Increase by 5% (c) Decrease by 3% (d) Vary significantly by region
7. What major news event recently shook the crypto market and impacted Bitcoin’s price? (a) New regulations proposed by the SEC (b) Hack of a major exchange (c) Announcement of El Salvador’s adoption of Bitcoin as legal tender (d) Launch of a new stablecoin
8. President Biden’s latest policy initiative focuses on which aspect of the energy sector? (a) Expansion of offshore wind farms (b) Investment in carbon capture technology (c) Increasing oil and gas production (d) Boosting electric vehicle charging infrastructure
9. What trend did the latest unemployment report reveal about the US labor market? (a) Rising unemployment rate (b) Falling unemployment rate (currently 3.8%) (c) Flat unemployment rate (d) Increase in part-time jobs
10. Which highly anticipated American company is expected to debut on the public market in the coming months? (a) Beyond Meat (b) Databricks (c) SpaceX (d) Spotify
Answers:
- (a) Dow Jones Industrial Average
- (b) Hold steady
- (d) No, there were no major bank mergers announced.
- (a) Delivery of 1 million vehicles in 2023
- (c) Gap Inc.
- (c) Decrease by 3%
- (c) Announcement of El Salvador’s adoption of Bitcoin as legal tender
- (d) Boosting electric vehicle charging infrastructure
- (b) Falling unemployment rate (currently 3.8%)
- (b) Databricks
