In one of its final client notes of 2012, Morgan Stanley's FX team, led by Hans Redeker, put together a quiz to see who really knows their market.
A few of the questions are economics-related.
Other questions test investors' knowledge about the actual physical currencies themselves – do you know the story behind the designs? How much is in circulation? And what happened to certain currencies when they became obsolete?
Test your knowledge with the following questions (and answers).
Thanks to Morgan Stanley for allowing us to feature this quiz.
1. The Danish central bank recently introduced negative policy rates. The only other monetary authority to have done this was in:
(A) Switzerland
(B) Sweden
(C) The Ottoman Empire
(D) Japan
And the answer is...
(B) Sweden
MS FX: While negative rates are attributed to the Swiss in the 1970s, they actually taxed foreign-held CHF deposits. Sweden introduced marginal negative rates in 2009 to stimulate private spending – unsuccessfully.
2. The Native American portrait that is the “head” on the Buffalo nickel (in circulation 1913-1938) is a portrait of:
(A) Black Diamond
(B) Sitting Bull
(C) The Statue of Liberty with an Indian headdress
(D) None of the above
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