Ruble Rebounds, Gaining 10% Over Past Two Days

The video discusses the recent volatility in ruble trading, highlighting a significant recovery after a steep decline. The Russian government has intervened by compelling exporters to buy rubles, aiming to stabilize the currency. Concurrently, a banking crisis is emerging, with Trust Bank receiving a government bailout. The government is taking proactive measures to prevent a financial collapse, including increasing deposit insurance and allowing equity stakes in banks. Efforts are being made to reassure the public about the safety of their deposits, drawing parallels to past financial crises.

What was the main reason for the ruble's recent recovery?

• Foreign investments

• Reduction in international sanctions

• Government intervention by compelling exporters to buy rubles

• Increased oil prices

Which bank received a bailout from the Russian government?

• Trust Bank

• Sberbank

• Gazprombank

• VTB Bank

What was the public's reaction to the banking crisis?

• Investing more in banks

• Ignoring the crisis

• Increased confidence in banks

• Withdrawal of deposits

What novel idea did the government propose to support banks?

• Reducing interest rates

• Taking equity stakes in banks

• Increasing taxes on banks

• Merging smaller banks

How did the government plan to reassure the public about their bank deposits?

• By providing tax incentives

• By offering higher interest rates

• By reducing bank fees

• By increasing deposit insurance