BMC QUIZ QUESTIONS AND CORRECT ANSWERS

What is the main reason that investment banks create estimates of economic
indicators?


A. To hold governments accountable for management of their economies.
B. To know when specific economic data points are a positive or negative surprise.
C. To increase real GDP growth by exporting their intellectual property to foreign
investors.
D. To determine in which countries the banks should operate


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B. To know when specific economic data points are a positive or negative
surprise




Why are equities volatile?
A. Due to changing tax rates.
B. Due to residual nature of earnings.

, C. Due to varying supply of, and demand for, IPO.
D. Due to low levels of borrowing


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B. Due to residual nature of earnings




What typically happens to nonfarm payrolls, the PMI indicator, and housing starts at
the onset of a recession in the United States respectively?


A. Up, Down, Down
B. Down, Up, Down
C. Down, Down, Down
D. Down, Down, Up


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C. Down, Down, Down




Which of the following US economic indicators is only available on a quarterly basis?


A. CPI
B. GDP
C. Nonfarm Payrolls
D. PMI


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B. GDP