S&P's Kraemer: Hard Brexit Most Likely Outcome

S&P's Kraemer: Hard Brexit Most Likely Outcome

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript discusses the UK's economic uncertainties following a rating drop post-referendum, the potential impact of the pound losing its reserve currency status, and the importance of central bank independence. It also covers the risks to the UK financial sector due to Brexit and the complexities of trade negotiations.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the immediate action taken by the UK following the referendum in June?

Strengthened the pound

Increased interest rates

Introduced new trade policies

Lowered the credit rating

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What could potentially lower the UK's credit rating further?

Increase in inflation

Loss of reserve currency status

Change in government

Decrease in exports

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why are changes in central bank reserves considered slow?

Due to rapid economic shifts

Because of long-term allocation processes

Due to immediate market reactions

Because of frequent policy changes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the independence of the Bank of England affect its rating?

It depends on the Prime Minister's opinion

It weakens the rating

It strengthens the rating

It has no effect

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most likely outcome for the UK according to the discussion on Brexit?

No Brexit

A soft Brexit

A new referendum

A hard Brexit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What makes trade negotiations with the EU complex?

Unanimous decision-making process

Lack of interest from the UK

Simple negotiation terms

Immediate agreement from all parties

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the UK government trying to reassure investors about?

Immediate policy shifts

New trade barriers

No changes for them

Increased taxes