Ruble on a Wild Roller Coaster Ride

The transcript discusses the ruble's fluctuation against the dollar, with Russia's central bank raising interest rates to stabilize it. Concurrently, oil prices have dropped significantly, affecting the market. The Federal Reserve is holding a meeting to decide on maintaining low interest rates, with many economists predicting a change in their policy language.

What percentage did the ruble lose at one point, leading to a record low against the dollar?

• 23%

• 15%

• 30%

• 10%

What action did the Russian central bank take to address the ruble's decline?

• Increased interest rates

• Introduced new currency

• Implemented trade restrictions

• Decreased interest rates

What was the price of West Texas Intermediate oil as it dropped to its lowest in over five years?

• $59.00 a barrel

• $60.00 a barrel

• $54.00 a barrel

• $50.00 a barrel

What is the main focus of the Federal Reserve's two-day meeting?

• Adjusting trade policies

• Increasing oil production

• Reviewing interest rate policies

• Evaluating currency exchange rates

What do most economists expect the Federal Reserve to do regarding their interest rate policy?

• Introduce negative interest rates

• Maintain current rates

• Increase rates significantly

• Drop the pledge to keep rates near zero