BIS’s Coeure on Innovation and Digital Currencies

BIS’s Coeure on Innovation and Digital Currencies

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the role of innovation in financial markets, highlighting the transition from private to public sectors. It explores fintech's impact on global financial stability and the political influence on fintech adoption. The discussion extends to stable coins, cross-border payments, and financial inclusion. The video also analyzes Europe's innovation landscape and addresses global financial fragmentation, emphasizing the need for multilateral frameworks and the role of currencies like the dollar and stable coins.

Read more

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of innovation discussed at Davos this year?

Advancing educational technology

Enhancing financial markets

Improving healthcare systems

Developing renewable energy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has the Financial Stability Board been focusing on in relation to Fintech?

The impact on global financial market structures

The promotion of cashless transactions

The development of new cryptocurrencies

The regulation of online banking

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered the top urgent priority for the global community regarding financial innovation?

Developing Central Bank digital currencies

Enhancing blockchain technology

Creating new financial regulations

Improving cross-border payments

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern regarding the innovation landscape in Europe compared to the US?

Lack of government support

Insufficient technological infrastructure

Fragmentation of the financial system

Slow pace of innovation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the potential risk of the global financial system becoming more fragmented?

Enhanced global cooperation

Improved business opportunities

Increased financial stability

Hindered financial stability

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are stable coins unlikely to replace the dollar as the international reserve currency?

They are not widely accepted

They are only used for small transactions

They lack government backing

They are too volatile

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is necessary to create confidence in the global economy according to the discussion?

A return to a multilateral structure

Increased private sector innovation

Adoption of a single global currency

More stringent financial regulations