We love finance and we love trivia. You can test your finance trivia knowledge with the following questions.

Scroll down below to find the answers.

 

Q1. When did the six independent state-based stock exchanges Australian stock exchanges merge to form the ASX?

1. In 1938 in the wake of the Great Depression

2. In 1973 after the Whitlam Government was elected

3. In 1987 during the Hawke Government deregulation of the financial markets

4. In 1997 after the Howard Government was elected

 

Q2. Which of the following stock exchanges was the first to have its shares quoted on its own market?

1. New York Stock Exchange (NYSE)

2. London Stock Exchange (LSE)

3. Australian Stock Exchange (ASX)

4. New Zealand Stock Exchange (NZX)

 

Q3. Australia’s first stock exchange was located in which city?

1. Hobart

2. Brisbane

3. Melbourne

4. Sydney

 

 

Q4. Money and stock brokers go back a ways in English history. When were brokers first authorised in the city of London?

1. 1285 – During the reign of Edward I (Edward ‘Longshanks’)

2. 1485 – On the ascension of Henry VII after deposing Richard III

3. 1685 – On the ascension of James II Henry VII after the death of his brother Charles II

4. 1785 – During the reign of George III (‘Mad King George’)

 

How do you think you went? Scroll down for the answers.

 

 

 

ANSWERS

Q1. When did the six independent state-based stock exchanges Australian stock exchanges merge to form the ASX?

Answer: 3. In 1987 during the Hawke Government deregulation of the financial markets

In 1987 the Australian Parliament passed legislation that enabled the amalgamation of the six independent state-based stock exchanges to create the Australian Stock Exchange.

The separate Melbourne and Sydney stock exchange indices had been replaced by Australian Stock Exchange indices back in 1980. Originally the Australian Stock Exchange was formed as a mutual organisation but it de-mutualised and listed on its own market in 1998 (see Question 1 above). Another mutual, The Australian Mutual Provident Society did the same thing in 1998 to become AMP on the ASX.

 

Q2. Which of the following stock exchanges was the first to have its shares quoted on its own market?

Answer: 3. Australian Stock Exchange (ASX)

After demutualisation the ASX was the first exchange in the world to have its shares quoted on its own market. It later merged with the Sydney Futures Exchange to become the Australian Securities Exchange. The other global exchanges soon followed suit.

 

Q3. Australia’s first stock exchange was located in which city?

Answer: 3. Melbourne

On the back of the 1850s gold rush, Australia’s first stock exchange was founded in Melbourne in 1861. The Sydney stock exchange followed 10 years later in 1871; Hobart in 1882; Brisbane in 1884; Adelaide in 1887 and Perth in 1889.

Interestingly, after Melbourne came the Bendigo Stock Exchange. Originally called the Sandhurst Mining Exchange (Bendigo was called Sandhurst before it became a city), it was founded in the middle of the goldfields in the 1860s for mining companies to list. By 1871, 1,300 mining companies listed on this exchange. It was closed in 2012.

 

Q4. Money and stock brokers go back a ways in English history. When were brokers first authorised in the city of London?

Answer: 1.1285 – During the reign of Edward I (Edward ‘Longshanks’)

In 1285 King Edward I required that brokers in the city of London be licensed. He did this after he found himself forced to accept less favourable terms from local money brokers than his regular Italian brokers to fund his war against France.

 

We hope you enjoyed this Finance Quiz. Let us know what you think or let us know if you have some great finance trivia questions!