Summer Quiz 2005

inSight

25 Aug 2005

Summer Quiz 2005

This year I have prepared a few questions for our readers and hope you all have time to enjoy a little relaxation. This summer quiz focuses on some of the more unusual figures and statistics connected with our work at the HKMA. You can find many of the answers in our Annual Report, Quarterly Bulletin, website (www.hkma.gov.hk) or at the HKMA Information Centre. But some of the answers may require some working out.

You may select the correct answers below, fill in your contact details and then press the "submit" button underneath. Alternatively, you may send your answers and contact details to us by fax (852) 2509-9159, by email hkma@hkma.gov.hk or post them (or even deliver them in person) to our Information Centre. Please send in your answers before midnight (Hong Kong time) on (Sunday) 25 September 2005.

Up to three winners will be drawn if more than one correct answer is received. The winners will each receive a small prize.

Good luck!

 

Joseph Yam
25 August 2005

 

1. If we were able to convert all of the Exchange Fund assets (at the end of June 2005) to HK$1 coins, what would the weight be? (Hints: each HK$1 coin weighs 7.1 grams. One metric ton equals 1,000 kg)

a. 7.5 million metric tons b. 8.5 million metric tons c. 9.5 million metric tons

 

2. If you were able to collect and stack in a single neat pile all of the HK$5 coins in circulation (at the end of 2004), how high would the stack be?

a. 268 kilometres b. 568 kilometres c. 868 kilometres

 

3. If you were able to collect HK$1, HK$2 and HK$5 coins in circulation at the end of 2004, put them in piles according to denominations and then weigh each pile, which pile of coins would be the heaviest? (Hints: HK$1, $2 and $5 coins weigh 7.1 grams, 8.41 grams and 13.5 grams respectively.)

a. HK$1 b. HK$2 c. HK$5

 

4. Backing Ratio is the ratio between the Backing Assets and the Monetary Base under the Currency Board system in Hong Kong. What was the Backing Ratio of the Currency Board Account on 30 June 2005?

a. 90% b. 110% c. 130%

 

5. What was the ratio of customer deposits in all foreign currencies to the official foreign currency reserves assets of Hong Kong at the end of June 2005?

a. 1:1 b. 2:1 c. 1:2

 

6. What was the total number of personal Internet banking accounts in Hong Kong at the end of 2004?

a. 1.5 million b. 2.5 million c. 3.5 million

 

7. What was the Hong Kong dollar payment system daily average turnover in 2004?

a. HK$408 billion b. HK$508 billion c. HK$608 billion

8. What was the ratio of the outstanding amount of Exchange Fund Bills and Notes to other Hong Kong dollar debt instruments on 30 June 2005?

a. 3:20 b. 5:20 c. 7:20

 

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Last revision date : 25 August 2005