The prospect of Brexit creating barriers to trade with the EU has alarmed the financial services industry...
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Business, Social Studies
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main concern for banks regarding Brexit as discussed in the first section?
The increase in interest rates
The potential relocation of banks from Britain
The rise in mortgage applications
The impact on personal loans
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is a transition period until 2020 considered crucial for banks?
It allows banks to increase their profits
It gives banks more time to decide on relocation
It helps banks to recruit more staff
It reduces the cost of operations
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does RBS contribute to the British economy according to the second section?
By offering the lowest interest rates
By lending more money to British businesses than any other bank
By providing free financial advice
By sponsoring local events
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential solution for labor movement issues post-Brexit?
Offering special deals for workers with shortage skills
Reducing the number of work visas
Implementing a complete ban on foreign workers
Increasing taxes on foreign workers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the unresolved issue related to the Irish border in the context of Brexit?
The establishment of a new currency
The introduction of a new tax system
The implementation of a customs union
The creation of a new trade agreement
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