Quiz of the week 9-15 May
Test your recollection of the last seven days' events with MoneyWeek's quiz of the week.
1. Which monetary policy tool did Federal Reserve Chairman Jerome Powell rule out on Wednesday?
a. Quantitative Easing Infinity 2.0
b. Negative interest rates
c. Raising interest rates
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
d. Lowering reserve requirements
2. Which date are trade talks set to resume between the UK and the EU?
a. 1 August
b. 1 July
c. 1 June
d. 18 May
3. “It is now very likely that the UK economy will face a significant recession this year,” said Chancellor Rishi Sunak on Wednesday, announcing the economy had contracted by how much in the month of March?
a. 1.5%
b. 2.8%
c. 4.2%
d. 5.8%
4. As the UK lockdown begins to ease off, Ryanair boss Michael O’Leary has made ambitious plans to have what percentage of flights restored from July?
a. 15%
b. 40%
c. 25%
d. 30%
5. Which tech CEO recently announced that his employees could “work from home forever” this week?
a. Google CEO Sundar Pichai
b. Facebook CEO Mark Zuckerberg
c. Twitter CEO Jack Dorsey
d. Microsoft CEO Satya Nadella
6. Which hedge funds recorded their best month in half a decade in April?
a. Gold ETFs
b. China-focused hedge funds
c. Pension funds
d. Investment trusts
7. How many people did a single worker at a fish factory in Ghana infect with coronavirus?
a. 112
b. 533
c. 47
d. 302
8. What country received this week a $2.77bn loan from the International Monetary Fund to prevent economic collapse due to the coronavirus pandemic
a. Iran
b. Egypt
c. Nigeria
d. Israel
9. The Office for Budget Responsibility revealed this week that Britain’s budget deficit could be pushed to:
a. £250bn
b. £175bn
c. £450bn
d. £300bn
10. By what percentage is the UK property market predicted to fall this year?
a. 13%
b. 15%
c. 7%
d. 11%
Answers
1. b) Negative interest rates. Despite President Donald Trump claiming this policy to be a “gift” earlier in the week, Fed chairman Jerome Powell made it clear on Wednesday that negative interest rates were not being considered.
2. c) 1 August. Due to coronavirus turmoil, Brexit trade talks have been scheduled to resume on 1 June.
3. d) 5.8%
4. b) 40%
5. c) Twitter CEO Jack Dorsey.
6. b) China-focused hedge funds. A rebound in the country’s markets following the coronavirus sell-off helped investors outperform their global peers. The Eurekahedge Greater China Hedge Fund index, which tracks almost 70 hedge funds with about $30bn between them, climbed 9.7%, its best showing since April 2015.
7. b) 533. The “superspreader” infected 533 co-workers in an incident that now accounts for around 11% of the country’s total recorded infections.
8. b) Egypt.
9. d) £300bn. The cost of measures to prop up the economy during the crisis could push the country’s budget deficit to well above £300bn, the watchdog warned. In the Budget in March, the OBR forecast a deficit of £55bn this year.
10. a) 13%. Economists and housing experts are forecasting UK-wide price falls of up to 13% as the property market struggles to rebuild during the coronavirus crisis.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Jasper is a former writer for the MoneyWeek and he wrote on an array of topics including travel, investing in crypto and bitcoin, as well as cars. Previous to that he freelanced at The Art Newspaper, PORT Magazine and The Spectator. Jasper is currently a freelance writer at FAD magazine and he has an English literature degree from the University of Exeter, and a Master's degree from UCL.
-
How ‘Bed & ISA’ could save you £15,000 over a decade
Moving your investments into a tax-free wrapper through ‘Bed & ISA’ transactions could save you thousands over the long run by cutting your tax bill
By Katie Williams Published
-
House prices hit record high, says Halifax
UK house prices rose 3.9% over the past year, with a typical property now costing £293,999. We look at which regions are seeing the strongest growth, and whether the rally in house prices will continue next year
By Ruth Emery Published
-
Quiz of the week 30 January – 5 February
Features Tesla chief Elon Musk tweeted messages in support of an obscure cryptocurrency this week, sending its price soaring. But which one? And what else happened this week? Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
By Nicole García Mérida Published
-
Quiz of the week 23-29 January
Features Elon Musk spent $7m on two disused oilrigs this week. But what does he plan to do with them? And what else happened this week? Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
By Nicole García Mérida Published
-
Quiz of the week 16-22 January
Features A Japanese car-maker announced plans to continue its UK operation, safeguarding 6,000 British jobs. But which one? And what else happened this week? Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
By Jasper Spires Published
-
MoneyWeek's quiz of the week, 9-15 January
Features Joe Biden has promised to vaccinate millions of Americans in his first 100 days in office. But how many? And what else happened this week? Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
By Alice Feilden Published
-
MoneyWeek's quiz of the week, 2–8 January
Features French burglars pelted gendarmes with part of their €350,000 haul to escape capture. But what was it? And what else happened this week? Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week
By Alice Feilden Published
-
Quiz of the week 12-18 December
Features An abandoned boat washed up on a remote atoll in the Pacific this week, carrying $100m worth of cargo. But what was it? And what else happened this week? Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
By Nicole García Mérida Published
-
Quiz of the week, 5-11 December
Features This week, one country announced it will start exploring the feasibility of moving towards a digital currency. But which country was it? And what else happened? Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
By Nicole García Mérida Published
-
Quiz of the week 21-27 November
Features Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
By Nicole García Mérida Published