Federal Reserve Bank of Boston Economic Quiz
1. During the recession which began in March 2001, which of the following has decreased:
Business fixed investment
Expenditures on consumer durables
All of the above
2. Tobin's Q is the ratio of the market value of a firm's assets to their replacement value. What is the current Tobin's Q ratio (as of the first quarter of 2002)?
3. During which year were dividends the greatest, as a percentage of nonfinancial corporate profits?
4. Which of the following should have the highest yield?
Investment grade bonds
Speculative grade bonds
U.S. Treasury bonds
Government agency bonds (e.g. Fannie Mae)
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Economic quiz written by: Matt Rutledge - June 24, 2002
Views expressed in the economic quiz are those of the individual author.