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Money News

Quizzical Education, Vol. 8: Test Your Money News IQ

June 28, 2018
weekly news quiz

1 min read

Test your knowledge of some of the most important stories with Stash’s weekly news quiz.

This week, see if you know why you could soon pay more for Amazon purchases, what $925,000 will get you in the California desert, and which country is set to legalize marijuana nationwide this fall.

Find out in the 7 questions below:

1/7
Quiz
 

Deep in the California desert, a ___ is for sale. And it can be yours for the price of $925,000.

Used Northrop Grumman B-2 Spirit stealth bomber
Zapruder Film
Ghost town
Split-level ranch house on 40 acres

For $925,000, you can be the proud new owner of a ghost town—Cerro Gordo, California. Located between Death Valley and Sequoia National Park, Cerro Gordo was a once-bustling mining town, home to nearly 5,000 people. Today, however, it’s deserted, and if you buy it, you’ll get 300 acres of land and 22 structures on your own little slice of heaven—tumbleweeds included.

Read more: Save For Retirement, or Buy a Ghost Town?

2/7
Quiz
 

This country will legalize Marijuana after legislation successfully passed the necessary political hurdles.

Netherlands
The U.S.
Uruguay
Canada

Canadians will soon be able to light up legally, as cannabis prohibition will end in October 2018. Canadian Prime Minister Justin Trudeau has said that legalization will officially take place on October 17, making Canada the second country in the world to fully legalize cannabis consumption for adults, following Uruguay.

Read more: In Canada, Marijuana Prohibition is About to Go Up in Smoke

3/7
Quiz
 

A recent Supreme Court ruling will allow states to collect ___ from e-commerce companies, meaning that you could pay more for any purchases you make online.

Social Security numbers
Corneal scans
Metadata
Sales tax

Previously, e-commerce companies that did not have a physical presence in states where they sell products generally did not have to charge or remit sales tax to states. But the Supreme Court is ushering in a new era, and states will now have the option of instituting sales taxes for online retailers.

Read more: Like to Buy Online? Get Ready for Higher Prices

4/7
Quiz
 

This company was just dropped from the Dow Jones Industrial Average (DJIA), 126 years after it was first listed there.

Kodak
General Electric (GE)
Nintendo
Citigroup

The Dow is booting General Electric from the index, and replacing it with Walgreens Boots Alliance. Although G.E. was one of the original members of the Dow, the company has struggled over the past decade, and its share price has dropped 55% over the past calendar year.

Read more: 126-Year-Old General Electric Has Been Kicked Off the Dow

5/7
Quiz
 

“FIRE” (Financial Independence, Retiring Early) proponents take saving to an extreme. Most FIRE disciples aim to save __% of their income.

10%
25%
50%
35%

While some people manage to save as much as 70% of their income, most FIRE proponents aim to save 50%, while cutting spending to the bone. How do they do it? Some never eat out, buy only second-hand goods, and even go so far as to get rid of their refrigerators and air conditioners, to save on electricity bills.

Read more: Meet FIRE: ‘Extreme Couponing’ For Retirement Planning

6/7
Quiz
 

What do all of these companies have in common?: AT&T, Best Buy, Gap, General Motors, JetBlue, and Macy’s.

They’ve been dropped from the Dow
They have female CEOs
They’ve successfully pulled off a corporate tax inversion
They have policies prohibiting discrimination based on sexual orientation and gender identity

June is Pride Month, and all of these companies (along with many others) have equal employment opportunity (EEO) policies protecting the rights of LGBT employees. They also have equal corporate benefits and privileges.

Read more: Pride Month: Companies That Support LGBTQ Workers

7/7
Quiz
 

The typical student loan payment is between $___ and $___ per month, according to stats from the Federal Reserve.

$200 and $300
$100 and $200
$50 and $150
$300 and $400

A college education is expensive, and for those who need to borrow money to pay for it, the typical student loan payment is between $200 and $300 per month. As for how many people are borrowing money to pay for college, the Fed says that more than half of students under the age of 30 are taking out student loans.

Read more: Ep. 026: How Can I Pay Off My Student Loans? 

 
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By Sam Becker

*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.

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