D) Collateralized debt obligations
E) All of the options
56) The technology behind cryptocurrencies that is ideal for secure digital transactions is called ______________.
A) bitcoin
B) blockchain
C) distributed ledgers
D) ethereum
E) All of the options
57) A major problem experienced by cryptocurrency, which makes it problematic to store value is _____________.
A) distributed ledgers
B) blockchain
C) price volatility
D) transaction security
E) All of the options
58) Which country has banned initial coin offerings?
A) China
B) Germany
C) Japan
D) USA
E) All of the options
59) The Economic Growth, Regulatory Relief and Consumer Protection Act of 2019 exempted smaller banks from which rule?
A) Liquidity
B) Reserves
C) Demand deposit
D) Volker
E) All of the options
60) According to the Economic Growth, Regulatory Relief and Consumer Protection Act of 2019 many larger banks are no longer considered ________________.
A) insurable
B) high risk
C) insolvent
D) systematically important
E) All of the options.
Answer Key
Test name: Chapter 1
1) B
2) E
3) D
4) D
5) E
6) B
7) C
8) D
9) E
10) A
11) B
12) A
13) E
14) B
15) C
16) D
17) B
18) D
19) E
20) D