10 Questions
What was the smallest price difference in the stock market before 2001?
12.5 cents
Why did the Spanish divide their Gold doubloons into 2, 4, and 8 pieces?
To enable people to count them on their fingers
What was the reason for adding 1/16 dollar (6.25 cents) into the stock market system?
To decrease the smallest price difference
What was the main reason for the stock market to switch to a decimal system in 2001?
The realization that the lowest spread was too big
What currency system did the New York Stock Exchange initially adopt?
A system influenced by Spanish currency
What was the name of the earliest recorded stock market bubble?
The South Sea Bubble
Why were people confident in the South Sea Company?
The company's governor was the King
What caused the rapid decline in the share price of the South Sea Company?
Massive selling by people seeking profits
What was the percentage increase in the share price of the South Sea Company from 1720 to the end of August 1720?
Over 900%
What was the main factor that led to the rapid inflation of the share price of the South Sea Company?
A promotion campaign by the company
Test your knowledge of stock market history and currency origins with this quiz about the use of fractions in share trading until 2001. Learn about the transition from fractions to decimal pricing and the historical influence of Spanish currency on this practice.
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