Can Anything Stop the Rubles Collapse?

The video discusses the rapid decline of a currency, highlighting the panic in financial markets. It covers the central bank's decision to hike interest rates by 17% to stabilize the currency, despite spending $80 billion in reserves. The economic outlook is grim, with predictions of a 4.7% shrinkage if oil prices remain low. Sanctions from the US add pressure, and there's concern about contagion to other emerging markets. Businesses, like Apple, are reacting to the currency's volatility by adjusting prices and sales strategies.

What was the central bank's response to the rapid currency decline?

• They imposed capital controls.

• They introduced new currency notes.

• They increased interest rates by 17%.

• They reduced interest rates.

What is the expected economic shrinkage if oil prices remain low?

• 3.5%

• 5.5%

• 4.7%

• 2.5%

What action did the US take in response to the economic situation in Russia?

• Eased sanctions on Russia.

• Provided financial aid to Russia.

• Increased trade with Russia.

• Signed a bill to punish foreign investors in Russian oil projects.

How did Apple respond to the currency fluctuations in Russia?

• They opened more stores in Russia.

• They stopped online sales temporarily.

• They reduced the price of iPhones.

• They increased the price of iPhones by 10%.

What was the impact on foreign exchange demand in Russia?

• It was unaffected by the currency crisis.

• It remained stable.

• It decreased significantly.

• It spiked up, with volumes increasing 3 to 4 times.