Credo Reference Friday Brainteaser – 7/31/09
Finance and Investment
One of the reference sources recently added to Credo Reference is the “Dictionary of Finance and Investment Terms”. This is an American work but its entries apply to many other countries. Besides, the worldwide credit crunch is often said to have started in the USA.
1. In finance, what does “VAT” stand for?
2. Which currency replaced the ECU (European Currency Unit) in 1999?
3. What is the meaning of the Latin phrase “per capita”?
4. Give the full name of the British economist who devised Keynesian economics.
5. In financial projections, where would you find a “hockey stick”?
6. Is a “bear market” a prolonged period of rising prices or falling prices?
7. In the USA, what is the nickname for the Federal Home Loan Mortgage Corporation (FHLMC)?
8. When talking about investments, what is a “boiler room”?
9. Is a “widow-and-orphan stock” a stock that pays high dividends and is very safe, or a stock that pays low dividends and is very risky?
10. By what name is the International Bank for Reconstruction and Development (IBRD) generally known?
Find the answers here.
Image “Saving her Pocket Money”, by Albert Roosenboom. Find out more about it on Credo Reference: http://www.credoreference.com/entry/bridgeart/saving_her_pocket_money
