Why not end the year in style with a quiz, a question of testing your knowledge of economics and consumption? In 2022, much has been said about inflation, labor crisis and failures in the supply chain to justify the prices which are constantly rising, eroding our purchasing power. These topics are covered in the quiz.
Here are 10 questions, each worth one point. The pass mark is therefore 6 points (60%). Google is enabled. Good luck!
Quiz
Question #1
Cryptocurrencies: From November 2021 to November 2022, the value of Bitcoin in Canadian dollars went from…
$51,121 to $24,699
$80,827 to $21,081
$64,818 to $24,126
Question #2
Inflation: In November, the consumer price index in Canada rose 6.9% year over year, according to Statistics Canada. What is the main element that fueled this increase?
The War in Ukraine
Housing
Gasoline
The American elections
food
Question #3
Which organizations have been hit by a ransomware attack that has affected their operations?
Montreal, Quebec, CGI
Westmount, Bombardier, Sobeys (IGA)
Sainte-Julie, Sobeys (IGA), Caisse de depot et placement
Westmount, Bombardier, Sobeys (IGA), UPA
Question #4
What is the median resale price of a detached single-family home in Montreal and Quebec in April (according to Royal LePage)?
$636,200 in Montreal and $341,400 in Quebec
$531,000 in Montreal and $305,000 in Quebec
$1.2 million in Montreal and $715,000 in Quebec
Issue #5
What was the highest level of inflation this year?
Issue #6
To fight inflation, the Bank of Canada has raised its key interest rate (which serves as a benchmark for financial institution rates) seven times this year, including a final increase in early December. This rate is today at:
Question #7
The war in Ukraine leads to higher prices, which affects your budget in what way?
Cars (because of parts made in Ukraine), travel (because of insurance)
Energy (Russia is a big producer of oil and gas), new houses (Russia is a big producer of plywood)
The fall of cryptocurrencies (because of Russian hackers) and the death of Queen Elizabeth II (which brought down the pound sterling)
Energy (Russia is a big producer of oil and gas), food (because of fertilizers produced in Ukraine)
Question #8
The supply chain crisis is causing shortages in some industries like automotive. What are the causes?
US protectionism and the fall in the value of cryptocurrencies
The War in Ukraine and American Protectionism
The Covid crisis that is paralyzing China
The FIFA World Cup in Qatar
Question #9
What is the acceptable proportion of your income that must be spent on housing (rent, mortgage, condo fees, insurance, electricity, cable, internet, etc.)?
Issue #10
How to reduce your damage insurance bill?
Combine auto and home insurance with the same insurer
If possible, increase deductibles
Install an alarm system and humidity sensors
Use an insurer’s driving behavior app (snitch)
Shop around with your insurer each time you renew your contract
All of these answers
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