When was the largest one-day stock market decline in history? (full date, year or name all acceptable)
Black Monday
October 19, 1987
DJIA dropped 22.6%
Eduardo Saverin, co-founder of Facebook, renounced his U.S. citizenship before the Facebook IPO to allegedly avoid paying taxes to Uncle Sam. To what island country did Mr. Saverin move?
Singapore
What does EBITDA stand for?
Earnings before interest, taxes, depreciation, and amortization
What poker term refers to a large, high-performing company that is considered a relatively safe investment?
"Blue chip"
What is the largest public company bankruptcy filing in U.S. history?
Lehman Brothers ($691bn USD, 2008)
Who is Masayoshi Son?
Chairman & CEO of SoftBank, Japanese telecom giant
What is the alphanumeric economic term that represents the money supply composed of physical currency and checkable deposits that is generally considers the most liquid portions of the money supply?
M1
Translating from Latin to "it shall be" or "let it be done,” what type of money is a government-issued currency not backed by a physical commodity?
Fiat
The Industrial and Commercial Bank of China (ICBC) was founded in 1984 and has been the world’s largest bank by total assets since 2012. Where did ICBC open its first overseas branch in 1993?
Singapore
Who is the wealthiest Singaporean, and what company did he found?
Li Xiting, co-founder and chairman of Shenzhen Mindray Bio-Medical Electronics
What is the residual of nominal yield minus inflation?
Real yield
Goldman Sachs coined an acronym for the European equivalent of the Magnificent Seven. What is it?
GRANOLAS
Famous for being the world's first publicly traded company on the first stock exchange, what defunct company holds the record for the most valuable company ever? After adjusting for inflation, the value is more than $7 trillion in today's dollars.
Dutch East India Trading Company
IPO'ed in 1602!
In a 2006 position paper for the IMF, which economist, nicknamed “Dr. Doom,” predicted the U.S. real estate bubble would soon crash and cause a major recession?
Nouriel Roubini
What is the Bloomberg function for Economic Calendars by Market?
WECO <GO>
The following sentence is the first line in the 2008 White Paper introducing what technological and financial concept? "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments."
Bitcoin
At the Bretton Woods Conference of 1944, delegates from dozens of Allied nations gathered to regulate international finance. The monetary system they negotiated established fixed but adjustable currency conversion rates against US dollars, with the dollar backed by gold at a rate of $__ per ounce of gold.
$35 USD per ounce of gold
Which renowned economist was a professional investor whose portfolio was nearly wiped out in the 1929 stock market crash?
John Maynard Keynes
Generally considered a rough proxy for whether the rewards of an investment justify the risk, Nobel Prize winner Bill Sharpe created the eponymous ratio which divides investment return by what denominator?
Standard deviation
In the financial world, what does a “zombie” refer to?
Zombies are companies that are bankrupt but continue to operate or earn just enough to operate and pay interest to creditors but don’t have the capital to pay off their debt principal.
What was the highest Fed Funds rate since the Federal Reserve’s inception? (year or rate acceptable)
20% (1980-1981)
Who was the first U.S. billionaire? Hint: he crossed the billion mark in the 1920s.
Henry Ford, founder of Ford Motor Company and chief developer of the assembly line technique of mass production
What is the four-word formal title of the UK position currently held by Jeremy Hunt, roughly equivalent to the United States Secretary of the Treasury?
Chancellor of the Exchequer
In 2013, a software bug caused what financial technology company to erroneously credit customer Chris Reynold’s account with 92 quadrillion dollars, although the error was quickly corrected?
PayPal