Quiz 1

Due: 4 PM, Wed, 2099-12-31

Q1: Net Worth

Categories: Finance, Accounting

Difficulty: Easy

The _____ is essential information that gives a snapshot of the company’s net worth at any given time.

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Hint: no hint

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Q2: Obligated

Categories: Finance, Accounting

Difficulty: Easy

A _____ is a business finance key term is a legal obligation to repay or otherwise settle a debt.

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Hint: no hint

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Q3: Possession

Categories: Finance, Accounting

Difficulty: Medium

What is a right to keep possession of property belonging to another person until a debt owed by that person is discharged known as?

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Hint: no hint

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Q4: Loans

Categories: Finance, Accounting

Difficulty: Medium

The process by which the amount due on a loan is reduced over time is known as _____.

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Hint: no hint

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Q5: Fed Chairman

Categories: Finance, Accounting

Difficulty: Hard

During the 2008 US financial crisis, who was the chairman of the Federal Reserve? (Answer format: first and last name)

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Hint: no hint

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Q6: Billionaire ID

Categories: Finance, Accounting

Difficulty: Medium

Who is this billionaire? (Answer format: first and last name)

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Hint: He is the CEO of JP Morgan Chase.

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Q7: NYSE Founded

Categories: Finance, Accounting

Difficulty: Hard

What year was the New York Stock Exchange, NYSE, founded? (Answer format: YYYY)

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Hint: Before 1900's

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Q8: NYSE Parent Org

Categories: Finance, Accounting

Difficulty: Hard

What is the name of the New York Stock Exchange, NYSE, parent organization?

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Hint: no hint

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Q9: Ask About Acronym

Categories: Finance, Accounting

Difficulty: Hard

What does the N.A.S.D.A.Q. stand for?

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Hint: no hint

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Q10: Billionaire ID

Categories: Finance, Accounting

Difficulty: Hard

Who is this billionaire? (Answer format: first and last name)

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Hint: Cofounder and CEO of Stripe

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