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Saturday Quiz – May 2, 2009

Welcome to the billy blog Saturday quiz. The quiz tests whether you have been paying attention over the last seven days.

See how you go with the following five questions. Your results are only known to you and no records are retained.

1. Among the Australian Government debts are Benchmark Treasury Fixed Coupon Bonds on issue. There are about $A61 billion outstanding and maturing at various dates. Around $A6 billion of them mature in September 2009 and the coupon value (interest rate) is 7.5 per cent. So although the government is not financially constrained

2. There is talk that the international ratings agencies may reduce the Australian Government's triple A bond rating if the deficit gets too large which may see higher short-term interest rates. If this occurs then we can

3. The Federal Government has announced a number of major infrastructure projects that it intends to fund (for example, its broadband plan and its defence plan). Their ability to implement these plans depends on

4. The rising unemployment in Australia at present

5. Higher government deficits may drive up interest rates if bond markets begin to get short of funds. This statement is false

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    This Post Has One Comment
    1. “If you scored 100% you have either believed everything I have written or you really understand how the economy actually works.”

      I cannot understand how anyone could think the economy operated any other way.

      5/5 for me.

      cheers, Alan

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