Quickie Quiz w. Pretty Pics

This is kind of a repetitious posting especially if you're a regular follower of A&G but the points are so important to remember, it can not be restated enough--  so here's a refresher offered up as a very easy quiz...

**  All photos taken by Me- doubleclick to make larger **

1)  In a terrible month of May filled with terrible unemployment data, really terrible numbers on consumer confidence and Horrifically Terrible plunging housing numbers, the stock market yesterday finished up 128pts to close at 12,569...  

Why?

a)  Oil prices inched higher to near $103 a barrel
b)  US dollar weakened further vs. other currencies
c)  Both A & B

Ans:   C
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2)  When oil prices per barrel go up, it means?

a)  Price of gas per gallon goes up
b)  Price of gas per gallon goes down
c)  Has no connection to what you pay at pump

Ans:  A
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3)  How many gallons of gasoline does one barrel of oil produce?

a)  30
b)  60
c) 119

Ans:  C - 119 gallons of gasoline synthesized (40 gal of oil in 1 barrel)
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4)  If Oil is at $103/barrel, & produces 119 gal. of gas, how much per gal?

a)  $0.87/gal
b)  $1.02/gal
c)  $1.11/gal

Ans:  A-  When oil is $103/barrel, it means 87 cents/gal of gasoline which you then pay $3.90 per gallon for at the pump.
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5)  When US dollar weakens, it means...

a)  US Corps make more $$ exporting; US consumers must pay more
b)  US Corps make less $$ exporting; US consumers pay less
c)  Has no connection to costs of goods & services

Ans:   A-  What's good for corporations is never ever good for you
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7)  Why is the US devaluing its currency besides helping with exports?

a)  weaker the US dollar, the less it has to pay back to China & other creditors
b)  Chinese currency, Renminbi is devalued 6-1; US trying to bridge gap
c)  A & B

Ans:  C
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8)  Why do everyday people still invest in Wall St?

a) Intentionally low interest rates kill savers & force them into market
b) They are naive and believe everything is OK again
c)  Both A & B

Ans   C
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9)  If employment & housing is so bad, why so much 'Recovery' talk?

a)  Media & government have agenda to push optimism
b)  It is unintentional and completely accidental
c)  No one's saying recovery.. that's just silliness

Ans:  A
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10)  What piece of legislation has helped everyday Americans the most?

a)  The National Economic Recovery Act of 2009 providing free job training for those unemployed and extending benefits for '99ers' to 200 weeks
b)  The C.A.R.E. Act establishing a moratorium on home evictions and providing a 5 year freeze on ARM rates kicking in for homeowners
c)  Absolutely NOTHING; option A & B are made up

Answer: C- unfortunately