Money Moves
What Federal Agency controls the flow of money through the US economy?
Federal Reserve
What retirement account is typically funded with pre-tax dollars and offered through employers?
401(k)
Which country has historically been the largest exporter of crude oil?
Saudi Arabia
In what year was the New York Stock Exchange founded?
1792
Which diversified holding company led by Warren Buffett (who recently retired) is traded on the NYSE?
Berkshire Hathaway
What is the name of the process by which purchasing power decreases over time due to rising prices?
Inflation
What is the minimum age at which penalty-free withdrawals can generally begin from retirement accounts?
59½
What economic term describes a prolonged period of declining economic activity across multiple countries?
Global recession
What does ETF stand for?
Exchange Traded Fund
Which retail giant on the NYSE is the largest employer in the United States?
Walmart
What financial metric is commonly used to measure the cost of borrowing money on loans or credit cards?
Interest rate (or Annual Percentage Rate – APR)
Which type of retirement account allows tax-free withdrawals if specific conditions are met?
Roth IRA
What international organization oversees global trade rules between nations?
World Trade Organization (WTO)
What index tracks 30 major publicly traded U.S. companies and is often quoted in financial news?
Dow Jones Industrial Average
Which NYSE-listed financial institution is the largest U.S. bank by assets?
JPMorgan Chase
What is the term for diversifying savings across different asset types to reduce financial risk?
Asset allocation
What term describes the required withdrawals the IRS mandates from certain retirement accounts later in life?
Required Minimum Distributions (RMDs)
What country holds the most US bonds?
Japan
What market crash led to the establishment of modern financial regulations such as the SEC?
The stock market crash of 1929
Anduril is a private company that shares technology and system designs with what publicly traded company?
Palantir
What term describes money that has no intrinsic value and is backed solely by government trust?
Fiat money
True or False, after retirement, as you withdraw money from a ROTH account (either ROTH 401k or ROTH IRA) that money is considered income and you will have to bay income tax on it?
False
What measure is commonly used to compare living standards across different countries while adjusting for price differences?
Purchasing Power Parity (PPP)
How did the abandonment of the gold standard change U.S. monetary policy and market flexibility?
It allowed the Federal Reserve greater control over money supply and interest rates
Which energy company on the NYSE traces its roots back to John D. Rockefeller’s Standard Oil?
ExxonMobil