Quiz on Globalisation and Trade

Who is the chair of HSBC mentioned in the article?

• Georges Elhedery

• Jerome Powell

• Donald Trump

• Sir Mark Tucker

What does Sir Mark Tucker warn about in relation to globalisation?

• It will remain unchanged.

• It will only affect the US.

• It may have run its course.

• It will lead to more wealth creation.

What has Donald Trump imposed on leading trading partners?

• Tax cuts

• Subsidies

• Tariffs

• Trade agreements

What is the predicted outcome of trade tensions according to Tucker?

• No impact on trade

• Strengthened US economy

• Increased globalisation

• Serious potential risk to global growth

What is the Brics group originally made up of?

• Brazil, Russia, India, China, Japan

• Brazil, India, China, Japan, South Africa

• Brazil, Russia, India, China, South Africa

• Brazil, Russia, India, China, Australia

What does Tucker predict about economic ties in the future?

• They will only focus on the US.

• They will develop between regional groups.

• They will remain the same.

• They will weaken significantly.

What has HSBC been identified as in the article?

• The world's largest trade finance bank

• A leading technology firm

• A major agricultural exporter

• A top retail bank

What did the US Federal Reserve do recently according to the article?

• Expanded trade agreements

• Increased interest rates

• Cut economic growth forecasts

• Decreased tariffs

What is the expected impact of tariffs on inflation according to Jerome Powell?

• No impact

• Decrease in inflation

• Increase in inflation

• Stabilization of inflation

What is the focus of HSBC's new operational strategy?

• Eastern and western markets

• North and South America

• Retail and consumer goods

• Technology and finance