True or False: Business & Economics

Explanation: FALSE! Bill Gates founded Microsoft in 1975. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976.

Explanation: True! GDP (Gross Domestic Product) measures the total value of goods and services produced in a country over a given period.

Explanation: False! The euro was introduced in 1999 for financial transactions, but coins and banknotes only entered circulation on January 1, 2002.

Explanation: True! Founded by Jeff Bezos in 1994, Amazon has become the undisputed giant of global e-commerce.

Explanation: False! The New York Stock Exchange (NYSE) is the world's largest stock exchange by market capitalization.

Explanation: True! Inflation is the loss of purchasing power of money, reflected in a general and sustained rise in prices.

Explanation: True! Since 2009, China has been the world's largest exporter of goods, surpassing Germany and the United States.

Explanation: False! The International Monetary Fund is headquartered in Washington D.C., USA, since its creation in 1944.

Explanation: True! Coca-Cola is regularly ranked among the most valued and recognized brands worldwide.

Explanation: False! Switzerland has no oil resources. Its economy relies on financial services, watchmaking, pharmaceuticals, and tourism.

Explanation: True! The US dollar accounts for about 60% of global foreign exchange reserves, far ahead of the euro and yen.

Explanation: False! McDonald's was founded in 1940 in San Bernardino, California, by brothers Richard and Maurice McDonald.

Explanation: True! Black Friday, the day after Thanksgiving, traditionally marks the start of the Christmas shopping season in the United States.

Explanation: False! Bitcoin was created in 2009 by an anonymous person or group under the pseudonym Satoshi Nakamoto, with no link to banks.

Explanation: True! IKEA was founded in 1943 by Ingvar Kamprad in Sweden. The name comes from his initials and his family farm (Elmtaryd Agunnaryd).

Explanation: False! The CAC 40 is the flagship index of the Paris Stock Exchange, grouping the 40 largest French capitalizations. The German index is the DAX.

Explanation: True! With over 2 million employees worldwide, Walmart is the largest private employer, ahead of Amazon.

Explanation: False! The yen was introduced in 1871. The British pound sterling, used for centuries, is much older.

Explanation: True! Fair trade guarantees producers in developing countries a minimum price above market rates.

Explanation: False! VAT stands for 'Value Added Tax'. It is an indirect consumption tax applied at each stage of production and distribution. It was introduced in France in 1954 before spreading worldwide.