What term describes the software used by Volkswagen to cheat emissions tests?
Answer
defeat device
34719 Intermediate Trivia Questions
34719 public questions at this depth. How many can you answer?
Which firm lost $440 million in 30 minutes due to a software error in 2012?
Answer
Knight Capital
Who was the CFO of Enron convicted of fraud in 2004?
Answer
Andrew Fastow
How many records were exposed in the 2017 Equifax data breach?
Answer
147 million
Who was the whistleblower who exposed the Cambridge Analytica scandal?
Answer
Christopher Wylie
Which accounting firm was convicted in 2002 for its role in Enron's collapse?
Answer
Arthur Andersen
What is the name of the oldest continuously operating bank in Canada?
Answer
Bank of Montreal
What does 'RWA' stand for in banking?
Answer
Risk-Weighted Assets
Which U.S. bank issued the first general-purpose credit card in 1958?
Answer
Bank of America
What is the name of the U.S. legislation that established the Federal Reserve System in 1913?
Answer
Federal Reserve Act
What is the name of the U.S. law that authorized the creation of national banks?
Answer
National Bank Act
Which U.S. bank was originally founded as the Manhattan Company in 1799?
Answer
JPMorgan Chase
What U.S. law repealed the Glass-Steagall Act's separation of commercial and investment banking in 1999?
Answer
Gramm-Leach-Bliley Act
What is the name of the international committee that sets global banking regulations, based in Basel?
Answer
Basel Committee on Banking Supervision
What was the original name of Citibank when it was founded in 1812?
Answer
City Bank of New York
Which American bank was founded in 1904 as the Bank of Italy?
Answer
Bank of America
Which bank was formed by the merger of Chase Manhattan and J.P. Morgan in 2000?
Answer
JPMorgan Chase
What was the name of the monetary system that fixed exchange rates to the US dollar from 1944 to 1971?
Answer
Bretton Woods system
Which U.S. law, enacted in 1994, allowed banks to branch across state lines?
Answer
Riegle-Neal Act
What is the name of the international financial institution that serves as a bank for central banks, headquartered in Basel, Switzerland?
Answer
Bank for International Settlements
What year was the Bank of England founded?
Answer
1694
What is the term for the interest rate on overnight loans between U.S. banks, set by the FOMC?
Answer
Federal funds rate
What financial crisis in 2008 led to the bankruptcy of Lehman Brothers?
Answer
Subprime mortgage crisis
Which U.S. bank, founded by Alexander Hamilton, is now known as BNY Mellon?
Answer
Bank of New York
What is the name of the largest commercial bank in the world by total assets as of 2023?
Answer
Industrial and Commercial Bank of China