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Federal Reserve Bank of Boston Economic Quiz

Campaign Finance: Show me the money!
1. Residents from which Zip Code donated $22.4 million to Federal candidates, parties, and Political Actions Committee during the 2004 election cycle, which was more than twice the amount donated by residents of the next highest Zip Code?
A) 10021 (New York, NY)
B) 60611 (Chicago, IL)
C) 90210 (Beverly Hills, CA)
D) 20007 (Washington, DC)
2. Which politician holds the record for the highest amount ever spent by a candidate in a non-presidential race?
A) Michael Bloomberg
B) Thomas Golisano
C) Arnold Schwarzenegger
D) Jon Corzine
3. Which organization has spent the most money on federal elections since 1989, donating over $39 million over the past two decades?
A) National Rifle Association
B) National Association of Realtors
C) Goldman Sachs
D) American Federation of State, County, & Municipal Employees
4. Checking off the box on your Federal Tax Return entitled “Presidential Election Campaign: Check here if you, or your spouse if filing jointly, want $3 to go to this fund” will:
A) Increase the amount of taxes you pay (or decrease your refund) by $3
B) Increase the amount of taxes you pay (or decrease your refund) by less than $3
C) Decrease the amount of taxes you pay (or increase your refund) by $3
D) Have no effect on the amount of taxes you pay (or the refund you receive)
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Economic quiz written by: Jenny Tang and Eric Giambattista - July 2008. Any opinions stated in this quiz are solely those of the author and do not necessarily reflect the opinion of the Federal Reserve Bank of Boston