History of Banking

26. The term “black swan” is associated with:

a) Economic recessions

b) Stock market crashes

c) Unpredictable events

d) Monetary policy actions

27. The concept of “bank nationalization” refers to:

a) Government takeover of private banks

b) Privatization of government-owned banks

c) International banking regulations

d) Centralization of banking operations

28. The Basle Committee on Banking Supervision was established in:

a) 1974

b) 1982

c) 1987

d) 1992

29. The term “subprime mortgage crisis” refers to:

a) Default on housing loans

b) Foreclosure of commercial properties

c) Bankruptcy of international banks

d) Decrease in interest rates

30. The Bank of Canada was established in:

a) 1867

b) 1875

c) 1934

d) 1954