GameStop Stock Market Quiz

GameStop Stock Market Quiz

9th Grade

9 Qs

quiz-placeholder

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GameStop Stock Market Quiz

GameStop Stock Market Quiz

Assessment

Passage

Financial Education

9th Grade

Easy

Created by

Jason Cross

Used 1+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is short selling in the context of the stock market?

Buying shares at a low price and selling them at a high price.

Borrowing shares to sell at the current price, hoping to buy them back cheaper.

Investing in stocks that are expected to rise in value.

Selling shares directly from the stock exchange.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What triggered the short squeeze of GameStop's stock?

A decrease in video game sales.

A large number of people buying shares to drive up the price.

The release of a new video game.

A decision by GameStop to close stores.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did social media influence the GameStop stock event?

It was used to spread misinformation about the stock.

It helped organize a group to buy shares and drive up the price.

It was irrelevant to the stock's performance.

It promoted other competing stores.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the peak price range that GameStop's stock reached during the event?

Around $100

Around $20

Around $500

Around $1000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant reaction from brokerages during the GameStop event?

They offered discounts on GameStop shares.

They increased the price of GameStop shares.

They temporarily restricted buying more GameStop stock.

They bought back all the GameStop shares.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary reason many small investors participated in the GameStop stock event?

To quickly become millionaires

To challenge the control of big Wall Street firms over the market

To test their luck in stock trading

To learn about stock trading

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a significant outcome of the GameStop stock event?

It led to a permanent increase in GameStop's stock price

It caused a decrease in online trading

It sparked discussions about market regulations and social media's power

It resulted in the bankruptcy of GameStop

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the text, what is crucial to do before making investment decisions?

Following popular trends on social media

Consulting only with professional investors

Doing thorough research and understanding the risks

Investing only in well-known companies

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the GameStop event highlight about the impact of community?

Community actions can lead to quick financial gains

Community influence can significantly impact financial markets

Communities generally discourage stock investments

Community involvement is irrelevant in financial decisions