Title: QUIZ: Who Buys Meme Stocks? -- Page One Economics®
Course: Kelly's Copying and Exporting Course > Section: Who Buys Meme Stocks? -- Page One Economics®

Q: True or false: A meme stock is unlike a traditional stock in that the price of a meme stock is not determined by the laws of supply and demand.
- True
- False
A: False

Q: True or false: The advent of the internet and the ability to buy stocks online is an example of a change in technology that increased access to stock market trading.
- True
- False
A: True

Q: The main reason individuals buy stocks in the stock market is as
- collateral.
- an investment.
- an interest.
- a hobby.
A: an investment.

Q: The value of GameStop stocks rose in correlation with
- an increase in social media posts about the company and stock.
- an increase in games sold at brick-and-mortar GameStop locations.
- a decrease in online purchases of games from GameStop.
- a decrease in interest rates.
A: an increase in social media posts about the company and stock.

Q: A meme stock
- includes an internet post about the stock market.
- is a stock that has gained popularity on social media.
- is an internet trend for participants to post memes about the stock market.
- is the stock for social media companies being traded on the New York Stock Exchange.
A: is a stock that has gained popularity on social media.

Q: If everyone believes that a company will increase in value if a new law is passed, and most people believe that the new law will be passed in 6 months, what is the most likely activity that will occur now? Demand for its stock will
- likely increase.
- likely decrease.
- likely remain the same.
- only be from institutional investors.
A: likely increase.

Q: Mobile trading apps differ from traditional brokerage firms in that many
- increased the fees associated with purchasing stocks.
- cannot be used by individuals, only firms.
- lowered the minimum account balance for investors to utilize their services.
- increased the minimum account balance for investors to utilize their services.
A: lowered the minimum account balance for investors to utilize their services.

Q: How have mobile trading apps changed the demographics of individual retail investors?
- They have increased the average age of the retail investor due to higher barriers to investing.
- They have not affected the demographics of retail investors.
- There is no information about the change in the demographics of retail investors due to the introduction of mobile trading apps.
- They have allowed for younger and first-time investors with a smaller account balance to participate in the stock market.
A: They have allowed for younger and first-time investors with a smaller account balance to participate in the stock market.