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Chapter 16: Economics Quiz
Test your knowledge of the economics chapter material!
1 / 10
Who could you speak with for an expert comment on new economic statistics?
Answer can be found on page 172.
Correct!
2 / 10
What does a basis point represent?
Answer can be found on page 174.
Correct! For example, 100 basis points would equal 1%.
3 / 10
What do you call the money that banks hold as cash in their vaults or as deposits with the Fed?
Answer can be found on page 175.
4 / 10
True or false: If you’re a local economic reporter, you should ignore national economic indicators.
You can still find ways to see how these international or national trends impact your local area. Read more on page 172.
Correct! You can still find ways to see how these national trends relate to your local area.
5 / 10
True or false: You need to specify if figures are nominal or real in your reporting.
Read more on page 174.
6 / 10
True or false: The terms “deficit” and “debt” are interchangeable.
7 / 10
How do “real” and “nominal” figures relate to inflation?
8 / 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.
9 / 10
The government’s use of interest rates or availability of credit to influence the economy is called:
10 / 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.
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