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Chapter 16: Economics Quiz
Test your knowledge of the economics chapter material!
1 / 10
The Fed regularly publishes a book reviewing economic conditions across the country. What is this book known as?
Answer can be found on page 172.
Correct!
2 / 10
True or false: Inflation is measured by the Consumer Price Index.
Inflation is measured by percentage changes in the CPI over a specific period, not the CPI itself. Read more on page 174.
Correct! Inflation is measured by percentage changes in the CPI over a specific period, not the CPI itself.
3 / 10
True or false: You must have formal economics training to cover the economics beat properly.
Reporters who don’t have formal economics training can still do a great job covering the economics beat. Read more on page 170.
Correct! Reporters who don’t have formal economics training can still do a great job covering the economics beat.
4 / 10
True or false: You should only report what press releases and experts say when it comes to statistics and trends.
If you keep track of the numbers, you can compare figures from previous years and look for trends that may not be otherwise reported. Read more on page 171.
Correct! If you keep track of the numbers, you can compare figures from previous years and look for trends that may not be otherwise reported.
5 / 10
Which of the following is a resource that includes definitions of economic and financial terms?
Answer can be found on page 175.
6 / 10
What does a basis point represent?
Answer can be found on page 174.
Correct! For example, 100 basis points would equal 1%.
7 / 10
True or false: Data on international trade can have strong local angles.
Read more on page 173.
Correct! The local angles may not be obvious at first, but get out and talk to local businesses, consumers, and experts.
8 / 10
What is a matcher story?
9 / 10
What do you call the money that banks hold as cash in their vaults or as deposits with the Fed?
10 / 10
True or false: You need to specify if figures are nominal or real in your reporting.
Read more on page 174.
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