Workosaur’s Quick 5 Friday Quiz #4


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Workosaur’s Quick 5 Friday Quiz #4

  1. 1. Workosaur’s Quick 5 Friday Quiz #4 For what it’s worth, name the product or service being talked about?<br />
  2. 2. #1<br />In 1526, its value was estimated to be two-and-a-half days food for the entire world.<br />
  3. 3. #2<br />Started in 1872, it cost 200 guineas, and lasted 222 days.<br />
  4. 4. #3<br />Launched in 1958, it was first thought of to be an impractical luxury item. At 10 cents a pack, its cost was at least 6 times more than the cost of a dish of this in a restaurant.<br />
  5. 5. #4<br />In July 2008, the product was priced at $3.57 in the US and £2.29 in the UK. The implied purchasing power parity is thus $1.56 to £1. This compares with an actual exchange rate of $2.00 to £1 at the time. The pound was thus overvalued against the dollar by 22%.<br />
  6. 6. #5<br />The first ever ticket of this kind was sold in the year 2000 for a sum of USD 20 million to a 59-year-old businessman with the initials DAT. <br />