1.
Which one is/was NOT a market economy in the past 50 years?
Group of answer choices
Mexico
Colombia
Yugoslavia
Italy
Singapore
2.
What is the main difference between market makers and speculators?
Group of answer choices
Speculators take on risk, market makers don’t.
Market makers take on risk, speculators don’t.
Market makers are public entities, whereas speculators are private entities.
Market makers exploit price differentials to make a profit, speculators don’t.
3.
Which of the following are Central Banks?
Group of answer choices
The Exchequer
Banxico
Bundesbank
People’s Bank of China
The U.S. Treasury
Caixa Bank
4.
Which of the following are part of the mandate of the U.S. Federal Reserve?
Group of answer choices
Conducting monetary policy
Regulating financial institutions
Managing systemically-important retirement funds
Containing Systemic Risk
House a trading market for government-backed securities
Overseeing the U.S. payment’s system
5.
You are a gasoline refiner. You convert crude oil into gasoline and other refined products. What is your position on gasoline? and on crude?
Group of answer choices
Long on gasoline, short on crude oil
Long on gasoline, long on crude oil
Short on gasoline, short on crude oil
Short on gasoline, long on crude oil
I have no risk since I am not buying/selling my inputs/outputs on the financial markets.
I have no risk since gasoline and crude oil prices are correlated.