Monday, December 19, 2022

Bank of England: "The Bank Underground Christmas Quiz 2022"

From the Bank of England's Bank Underground blog, December 19:

Before Bank Underground takes a festive break, it’s time for the Annual Bank Underground Christmas Quiz. Test yourself against our 10 festively themed questions on economics, finance and all things central banking…

1) (Currency) Which festive object appears on the back of a commemorative UK 50p coin?
  • A reindeer
  • A snowman
  • A brussels sprout
  • A Christmas Pudding
2) (Commodities) The lighting of the Menorah at the Jewish winter festival of Hanukkah recalls the miracle of a jug of oil burning longer than the day it was expected to last. In this early example of commodity consumption, for how many days in total did the jug of oil keep the lamp lit?
  • Four days
  • Eight days
  • Ten days
  • Seven days
3) (Monetary Economics) The silver denarius was the main coin used by the Romans in first century Palestine and a key part of the monetary system. In the 15 BCE decree of Caesar Augustus, what was the silver content of the coin?
  • 50%–60%
  • 70%–75%
  • 95%–98%
  • 99%–100%

....MUCH MORE