Tuesday, December 5, 2023

The Financial institution Underground Christmas Quiz 2022 – Financial institution Underground

Earlier than Financial institution Underground takes a festive break, it’s time for the Annual Financial institution Underground Christmas Quiz. Take a look at your self towards our 10 festively themed questions on economics, finance and all issues central banking…

1) (Foreign money) Which festive object seems on the again of a commemorative UK 50p coin?

A Christmas Pudding

A reindeer

A brussels sprout

2) (Commodities) The lighting of the Menorah on the Jewish winter pageant of Hanukkah recollects the miracle of a jug of oil burning longer than the day it was anticipated to final. On this early instance of commodity consumption, for what number of days in whole did the jug of oil hold the lamp lit?

Eight days

Appropriate. The jug of oil saved the lamp going for a full eight days

4 days

Seven days

Ten days

3) (Financial Economics) The silver denarius was the principle coin utilized by the Romans in first century Palestine and a key a part of the financial system. Within the 15 BCE decree of Caesar Augustus, what was the silver content material of the coin?




4) (Historical past of Financial Thought) Which Nobel prize profitable economist penned this festive ditty to the tune of Jingle Bells:
 ‘Maximize, maximize, that’s the essential key; Allocate assets by their productiveness; Equalize VMP’s with their value; and Your manufacturing operate is the best within the land.’?

Paul Samuelson

Paul Krugman

Ben Bernanke

5) (Worldwide Economics) Which nation makes use of the ‘dram’ as its forex?




6) (Financial Historical past) How far again in time would you must go to seek out wild reindeers strolling within the Metropolis of London?

Round 1,000 years

Round 100,000 years

Reindeers by no means lived in England

7)(Macroeconomics) What’s the present projection for CPI inflation in keeping with the Financial institution of England’s Financial Coverage Report on Christmas 2024?



There are not any projections

8) (Central Banking) Which darts participant shares a reputation with a central banker and walks out to ‘King of Kings’ by Motorhead?

Mervyn ‘The King’ King

‘Helicopter’ Ben Bernanke

Alan ‘The Undertaker’ Greenspan

Mark ‘Carnage’ Carney

9) (Financial Idea) Which economist known as easy financial textbook fashions with neat options ‘Santa Claus’ – examples in his Nobel Prize acceptance speech?

Paul Samuelson

Appropriate. Paul Samuelson used this time period in evaluating these textbook examples to the richer financial dynamics of actuality

Milton Friedman

Paul Krugman

Ben Bernanke

10) (Foreign money Unions) Which central banker stated of the euro ‘Whether or not one is shopping for a reindeer pores and skin at one finish of the continent or a bottle of suntan lotion on the reverse finish, the identical banknotes might be used with out discrimination’?

Tommaso Padoa-Schioppa

Appropriate. Tommaso Padoa-Schioppa talked of reindeer in his speech a number of months earlier than the introduction of Euro banknotes

Wim Duisenberg

Ottmar Issing

Alexandre Lamfalassuy

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