Business Financial Interview Questions and Answers

Financial Questions and Answers:

1 :: Say you are driving on a one-mile track. You do one lap at 30 miles an hour. How fast do you have to go to average 60 miles an hour?

This is something of a trick question, and was recently received by a Goldman candidate. The first thought of many people is to say 90 miles an hour, but consider: If you have done a lap at 30 miles an hour, you have already taken two minutes. Two minutes is the total amount of time you would have to take in order to average 60 miles an hour. Therefore, you can not average 60 miles an hour over the two laps.
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2 :: If I were to fill this room with pennies, how many pennies would fit in?

A literally in-your-face guesstimate.
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3 :: Tell me a good joke that is neither sexist nor racist.

If you can't think of any, you're in the same boat as the unfortunately tongue-tied recent candidate at Salomon Smith Barney. Find one and remember it.
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4 :: If you have seven white socks and nine black socks in a drawer, how many do you have to pull out blindly in order to ensure that you have a matching pair?

Three. Let's see - if the first one is one color, and the second one is the other color, the third one, no matter what the color, will make a matching pair. Sometimes you're not supposed to think that hard.
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5 :: A straight flush beats a four-of-a-kind in poker because it is more unlikely. But think about how many straight flushes there are - if you don't count wraparound straights, you can have a straight flush starting on any card from two to 10 in any suit (nine per suit). That means there are 36 straight flushes possible. But how many four of a kinds are there - only 13. What's wrong with this reasoning?

Immediately, you should think about what the difference is between a straight flush and a four-of-a-kind. One involves five cards, and the other involves four. Intuitively, that's what should strike you as the problem with the line of reasoning. Look closer and you'll see what that means: for every four of a kind, there are actually a whole bunch of five-card hands: 48 (52 - 4) in fact. There are actually 624 (48 x 13) of them in all.
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