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Money News

Quizzical Education, Vol. 5: Test Your Money News IQ

June 07, 2018

1 min read

Are you keeping up with the headlines? This week, see if you know which country is experiencing an economic crisis, the name of the venture capitalist who released a highly influential annual Internet trends report, and which tech giant purchased code library Github.

Find out in the 7 questions below:

1/7
Quiz
 

On May 29, 2018, the markets dropped more than 500 points. There were a few key causes, including ____, which came as a surprise announcement from the Trump administration.

Tariffs on Canadian and Mexican imports
Tariffs on Chinese goods
Funding for the border wall
Tax cuts

Though tariffs were announced on our North American neighbors, Canada and Mexico, in this case, the White House’s announcement of tariffs on Chinese goods was one of the catalysts that caused the markets to slide. While we still don’t know exactly on what products the tariffs will be levied, the Trump administration said that they will be subject to a 25% import tax.

Read more:
Why Did Stocks Just Fall? Trump Stokes Trade War Fears

2/7
Quiz
 

At its annual worldwide developer's conference in San Jose, California, this tech company announced a slew of updates and upgrades to its product line--but no new hardware.

Microsoft
Google
Hooli
Apple

Apple held its annual conference, announcing, among other things, new emojis, a new macOS (Mojave), and iOS 12 for the iPhone and iPad. Investors seemed impressed, as Apple’s share price hit a record high during the event.

Read more:
Apple Wants to Wean You Off Your iPhone: News from WWDC18

3/7
Quiz
 

The economic situation in this country is worsening, with some calling it the “next Greece.” Experts are worrying that it could abandon the euro and possibly exit the European Union.

Uzbekistan
Spain
Italy
San Marino

Massive debt and political upheaval has put Italy in an economic bind. While analysts say it’s unlikely that Italy will leave the EU and abandon the euro, the prospect of a financial bailout has fellow EU members worried. Italy is the third-largest economy in the EU.

Read more:
Why Is Everyone Worried About Italy’s Economy?

4/7
Quiz
 

Every year since 1995, this venture capitalist--whose firm was an early backer of companies including Amazon, Google, and Snap--published a report detailing the latest Internet trends.

Mary Meeker
Elon Musk
Warren Buffett
Gavin Belson

Mary Meeker, who is a partner at a venture capital firm called Kleiner Perkins Caufield & Byers (KPCB). Meeker’s annual report is highly influential, as she is known to take a deep dive into internet-related topics, analyzing massive amounts of data to make her case. This year, Meeker’s report is 300 pages long.

Read more:
Breaking News: The Internet Is Still Really, Really Important

5/7
Quiz
 

In the U.S., there are now more than 157,000 people who have saved more than $1 million in their ____ accounts.

IRA
401(k)
Brokerage
Savings

There are more than 157,000 401(k) millionaires in the U.S. But a majority of American workers don’t have access to employer-sponsored retirement accounts including the 401(k). Many do have access to Individual Retirement Accounts (IRAs), however. Currently, around 500,000 people have between $1 million and $2 million in their IRAs, according to government data.

Read more:
It’s Possible to Become an IRA Millionaire

6/7
Quiz
 

Github, an open-source code library, was purchased by this tech company for $7.5 billion.

Salesforce
Netflix
Microsoft
Apple

Microsoft purchased Github, in an acquisition that could help Microsoft branch out and stay relevant to new users. Github was founded in 2008, and is used by millions of developers as a code repository–it’s often called “Google Docs for developers.”

Read more:
What’s Github and Why is Microsoft Buying It?

7/7
Quiz
 

The ___ helps investors gauge a stock’s growth, and determine whether it’s a promising investment.

P/E ratio
Prospectus
Share price
The ratio of unicorns to leprechauns

The P/E ratio, which stands for price-earnings ratio, is the ratio of a company’s stock price to the company’s earnings per share. The ratio helps investors determine whether they’re paying too much for a stock. It’s calculated by dividing a company’s share price by its earnings per share.

Read more:
What’s a P/E Ratio?

 
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*The results of this quiz does not imply any level of skill or training on the part of any customer. The content of this quiz is for educational purpose only.

By Sam Becker
Sam Becker is Stash's financial writer.

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