The FTAV quiz: the results

On Friday, we hosted the first ever FT Alphaville Wot U Kno quiz — also known to its friends as FAWUK.

The quiz consisted of eight short questions on markets from that week, some of which were trickier, and wonkier, than others. As expected our readers pulled through with their best guesses and answers but, of course, there can only be one winner.

Before we name that individual, however, here are the answers in full:

1. The Bank of England governor Andrew Bailey this week called on people to not ask for a big pay rise, despite substantial increases in the cost of living in the UK. What did the nine members of the Monetary Policy Committee, which Mr Bailey heads, take home in pay, in total, over the 2020/21 financial year?

The total was £1.9mn before tax, according to data from the Old Lady of Threadneedle’s annual report, with governor Andrew Bailey taking home the highest salary of £495,000.

2. Which crypto-trading platform was valued at $32bn in a private round led by SoftBank and the Ontario Teachers’ Pension Plan?

That would be Bahamas-based FTX, run by the appropriately named Sam Bankman-Fried.

3. Meta Platforms née Facebook suffered a torrid day Thursday with its stock dropping some 26 per cent. To the closest $10bn, what was the total market cap loss on the day?

The House of Zuck suffered a $230bn fall in market capitalisation.

4. Terry Smith’s popular retail fund Fundsmith was a big owner of Meta Platforms, but it wasn’t its only big loser this week. Which of its other core positions lost almost a quarter of its value on Wednesday?

Some of you guessed Snap, but were off by a day. The answer was, of course, PayPal.

5. Which head of a military organisation is set to make the switch to central banking later this year? For a bonus point, name another military leader who later became head of a central bank.

Jens Stoltenberg, NATO’s current general secretary, is set to become governor of Norway’s central bank at the end of December. Unless, of course, he has to stay on due to unforeseen circumstances in Ukraine. Oh, and the bonus answer? Everyone’s favourite mid-noughties T-shirt icon, Che Guevara.

6. The European Central Bank was described as the “last dove standing” earlier this week. When asked on a previous occasion if she was a dove or hawk, what bird did ECB president Christine Lagarde say she was?

An Owl, which brings back memories of Twin Peaks.

7. What will be Amazon’s closing share price today?

It was $3,158.52 — up 14 per cent on the day.

8. And finally . . . who tweeted this nonsense?

No, it wasn’t Boris Johnson, as someone guessed (sadly, we might add) but crypto bro Anthony “Pomp” Pompliano.

And the winner is . . . drum roll . . . FT reader Left Hand of Darkness!

If you’d like to collect your prize, LHoD, then ping us at jamie.powell@ft.com and you’ll receive something in the post in the next week.