Quiz of the week 23-29 May

Test your recollection of the last seven days' events with MoneyWeek's quiz of the week.

1. Which country defaulted on its debt for the third time this century after missing a scheduled payment to bond holders of $500m?

a. Argentina b. Chile c. Ecuador d. Brazil

2. Which country hasn’t recorded a case of Covid-19 in over a week?

a. Japan b. Italy c. New Zealand d. Taiwan

3. European Commission president Ursula von Der Leyen pitched her crisis fund proposal this week. How much money is she proposing Brussels borrow on the capital markets?

a. €800bn b. €750bn c. €500bn d. €1trn

4. By how much did Italy’s GDP contract in the first quarter of 2020?

a. 4.7% b. 5.9% c. 4.2% d. 5.3%

5. How many Americans have sought unemployment benefits since the start of the pandemic?

a. 52 million b. 47 million c. 40 million d. 49 million

6. Which stock exchange reopened its famed trading floor this week?

a. London Stock Exchange b. New York Stock Exchange c. Hong Kong Stock Exchange d. Shanghai Stock Exchange

7. How much did the Dow Jones index rise this week despite political turmoil between the US and China?

a. 3.52% b. 3.92% c. 3.82% d. 3.42%

8. What major airline refused to approve a €9bn bailout package this week?

a. Lufthansa b. LatAm c. American Airlines d. KLM

9. Which airline was found to be the worst for refunds by Which?

a. easyJet b. British Airways c. Ryanair d. Jet2

10. How many cars were made in Britain last month as factory shutdowns pushed production to its lowest level since World War II?

a. 197 b. 263 c. 554 d. 53

Answers

1. a) Argentina. Argentina defaulted for the ninth time in its history this week and is seeking to rearrange $65bn in international debt.

2. c) New Zealand. Only one known active case remains across New Zealand, keeping the total number of cases at 1,504.

3. b) €750bn

4. d) 5.3%. Italy’s economy shrank at the fastest pace on record from January to March. It’s the largest contraction since records began in 1996.

5. c) 40 million.

6. b) New York Stock Exchange. The floor reopened to a quarter of NYSE’s usual population of traders after a two month closure prompted by the pandemic.

7. 3.82%. The Dow Jones is set to close the week with decent gains, up more than 3.82% this week.

8. a) Lufthansa. Lufthansa’s board refused the €9bn lifeline proposed by the German government after the European Commission sought to force the airline to give up coveted slots at Frankfurt and Munich airports.

9. c) Ryanair. A survey found 84% of Ryanair’s customers had not received a refund as requested, compared with 23% at BA, 19% at Jet2.

10. a) 197. The number of cars made was 99.7% down from April last year.

Recommended

What will happen to the price of gold in 2022?
Gold

What will happen to the price of gold in 2022?

Gold is traditionally the go-to asset during inflation. But with inflation at 30-year highs, it has gone nowhere. Dominic Frisby investigates why, and…
20 Jan 2022
UK inflation is at a 30-year high and it hasn’t peaked yet
Inflation

UK inflation is at a 30-year high and it hasn’t peaked yet

UK inflation has hit 5.4% - its highest in 30 years. And it could be heading higher. John Stepek explains what it means for you and your money.
19 Jan 2022
Index fund
Funds

Index fund

Index funds (also known as passive funds or "trackers") aim to track the performance of a particular index, such as the FTSE 100 or S&P 500.
18 Jan 2022
Model Y: Tesla has nailed it once again
Cars

Model Y: Tesla has nailed it once again

The electric carmaker’s new SUV crossover, the Model Y, sets the benchmark in the sector.
18 Jan 2022

Most Popular

Five unexpected events that could shock the markets in 2022
Stockmarkets

Five unexpected events that could shock the markets in 2022

Forget Covid-19 – it’s the unexpected twists that will rattle markets in 2022, says Matthew Lynn. Here are five possibilities
31 Dec 2021
US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explai…
13 Jan 2022
Tech stocks teeter as US Treasury bond yields rise
Tech stocks

Tech stocks teeter as US Treasury bond yields rise

The realisation that central banks are about to tighten their monetary policies caused a sell-off in the tech-heavy Nasdaq stock index and the biggest…
14 Jan 2022