Bank of Finland Governor Rehn Says 'The U.S. Isn't Innocent in Escalating a Trade War'

Bank of Finland Governor Rehn Says 'The U.S. Isn't Innocent in Escalating a Trade War'

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Business, Social Studies

University

Hard

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The transcript discusses the need for central banks to respond to economic developments, particularly in light of potential easing by the Federal Reserve. It highlights the negative impact of trade wars, especially involving the United States, and warns against the escalation into currency wars. The speaker emphasizes the importance of avoiding such conflicts to reduce global economic uncertainty, which affects regions like Finland and the euro area. There is a consensus among central banks to prevent currency wars, focusing instead on addressing underlying economic factors.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason for central banks to respond to each other's moves?

To compete with each other

To maintain political stability

To address expected economic changes

To increase their influence

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant source of uncertainty in the global economy according to the transcript?

Political elections

Technological advancements

Trade tensions

Natural disasters

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to avoid a currency war?

It could further damage the world economy

It could lead to increased global cooperation

It might strengthen the euro

It might result in higher trade tariffs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the stance of global central banks regarding a currency war?

They are indifferent to it

They support it

They agree to avoid it

They are divided on the issue

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the European Central Bank's focus based on?

Cultural changes

Political developments

Technological innovations

Economic developments in the euro area