BNP Is Said to Shut U.S. Commodities Trading Desk

BNP Is Said to Shut U.S. Commodities Trading Desk

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses BNP's decision to shut down its US commodities trading desk, while maintaining a sales team in New York to route orders to Singapore and London. It highlights the US Senate's debate over lifting sanctions on Russian companies linked to Oleg Deripaska, with Chuck Schumer opposing the decision. The video also covers potential US sanctions on Venezuela's military and oil industry to pressure President Nicolas Maduro for fair elections.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary reason BNP Paribas is closing its US commodities trading desk?

To focus more on digital banking

Due to a shift away from commodities trading post-2008 financial crisis

To expand its operations in Europe

Because of a merger with another bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action is Chuck Schumer taking regarding the sanctions on Russian companies?

Proposing new sanctions on additional companies

Supporting the Treasury's decision to lift sanctions

Negotiating with Russian officials for a compromise

Forcing a vote to block the lifting of sanctions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does Schumer believe the decision to lift sanctions on Deripaska's companies is flawed?

Because Deripaska has increased his ownership stakes

Because the companies have declared bankruptcy

Due to a lack of evidence against Deripaska

Due to ongoing interests held by Deripaska's associates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the US considering to pressure Venezuela's President Maduro?

Lifting all existing sanctions

Offering financial aid

Imposing tougher sanctions on the military and oil industry

Supporting Maduro's government

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did President Maduro respond to the US sanctions in his state of the Union speech?

He announced his resignation

He agreed to hold new elections

He requested international mediation

He dismissed the sanctions and outlined his plans