Brexit Task for U.K.'s Hammond: Protect the Banks

Brexit Task for U.K.'s Hammond: Protect the Banks

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the significance of the UK financial industry, particularly banks, and their role in the economy. It highlights the challenges posed by Brexit, including the need for passporting rights and the impact on immigration policies. The discussion also covers risk management strategies in London and the potential relocation of financial services to other European cities if favorable conditions are not met.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered the 'crown jewel' of the British economy?

The automotive industry

The financial industry

The technology sector

The healthcare sector

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major concern for UK banks regarding Brexit?

Decreasing demand for loans

Rising interest rates

Increased competition from US banks

Losing passporting rights

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is prioritized by the UK government in Brexit negotiations?

Access to the single market

Reducing national debt

Control over immigration

Maintaining trade relations with the US

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy are banks considering to manage Brexit risks?

Increasing domestic investments

Relocating to other European cities

Merging with other banks

Expanding into Asian markets

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which city is NOT mentioned as a potential new financial center?

Berlin

Frankfurt

Madrid

Paris