Stablecoins Might Not Be Ready for Payments: CFPB Head

Stablecoins Might Not Be Ready for Payments: CFPB Head

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the evolving landscape of stable coins and their role in speculative trading, highlighting the need for regulation. It explores the impact of emerging payment technologies and the influence of tech giants on consumer payments. The discussion extends to bank mergers and their implications for financial stability. The video also examines the effects of inflation on consumer credit and spending, and addresses market practices and legal compliance issues.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common misconception about stable coins?

They are regulated by the SEC.

They are as stable as the US dollar.

They are only used for consumer payments.

They are backed by gold.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the Fed's new system aiming to achieve?

Increase interest rates

Create real-time payments

Merge with big tech companies

Regulate cryptocurrencies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What concern is raised about big tech companies entering the payment space?

They will only accept cryptocurrencies.

They might increase transaction fees.

They could control the flow of payments and data.

They will eliminate the need for banks.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk of bank mergers?

Increased competition

Threat to financial stability

More consumer choices

Lower interest rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has consumer credit been affected recently?

Credit card balances have increased.

Auto loans have become less common.

Credit card debt has decreased.

Interest rates have dropped significantly.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a concern regarding inflation's impact on consumers?

Decreased wages

Lower demand for loans

Reduced credit card usage

Increased car prices

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is being done to address repeated law violations by large financial institutions?

Reducing penalties

Providing more loans

Increasing the cost of violations

Offering tax incentives