UPDATE: Jubak Picks Trivia Contest: Round 2

10/04/2011 8:00 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

UPDATE: Congratulations to our winner: chaswells! Thanks to everyone that submitted answers.

Correct Answers:

1) The Banco Bardi and the Banco Peruzzi went bankrupt in 1345 after Edward III of England defaulted on 400,000 florins in loans. In 1478 Edward IV defaulted on his loans to the London branch of the Banco de Medici.

2) The banking crisis of 1839-1843 is the longest in U.S. history. States in the south and west stopped paying gold in exchange for their bank notes.

3) 6%

UPDATE: All clues are now posted on Facebook...http://www.facebook.com/notes/jim-jubak/jubak-trivia-contest-round-2-clues/10150843937635147

OK folks, we're back with round 2.

The rules are simple: The first person to answer the following three questions correctly will win a free one-year subscription to JubakAM.com. Post ALL THREE answers in a single comment at the bottom of this blog entry. Only comments with ALL THREE answers will be accepted. To eliminate multiple guesses only the first set of answers submitted by a user will be accepted. Any subsequent posts with answers will be deleted.

Clues to each question will be revealed daily on http://www.facebook.com/jubakpicks until we have a winner.

1. The sub-prime mortgage crisis that produced the 2008 bankruptcy of Lehman Bros and almost took down the global financial system was by no means the first global financial crisis. Of course, to have a global financial crisis you have to have a global financial system. Name the two banks that went bankrupt in what is generally named as the first global financial crisis.

2. The recent banking crisis wasn’t the longest in U.S. history by a long shot. Give the starting and ending years of the longest U.S. banking crisis in history.

3. What commission did Jim pay on his first stock purchase?



 

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