Financial Regulation (LC 2027) (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the primary financial regulatory authority in Ireland?
What is the primary financial regulatory authority in Ireland?
Central Bank of Ireland
What does the European Banking Authority create to ensure uniform banking regulations across the EU?
What does the European Banking Authority create to ensure uniform banking regulations across the EU?
A single rulebook
Which risk involves assets that cannot be easily converted to cash?
Which risk involves assets that cannot be easily converted to cash?
Liquidity risk
In the SAFE test, what does the 'A' stand for?
In the SAFE test, what does the 'A' stand for?
Assess
What type of fraud involves fake emails appearing to come from legitimate financial institutions?
What type of fraud involves fake emails appearing to come from legitimate financial institutions?
Phishing
What key feature distinguishes cryptocurrency from traditional currency?
What key feature distinguishes cryptocurrency from traditional currency?
It operates on decentralised networks
Which problem can financial regulation help prevent?
Which problem can financial regulation help prevent?
Excessive risk-taking
What distinguishes a CBDC from cryptocurrency?
What distinguishes a CBDC from cryptocurrency?
It's backed by government authority
What is a consequence of under-regulation in financial markets?
What is a consequence of under-regulation in financial markets?
Consumer harm
What does blockchain technology create for cryptocurrency transactions?
What does blockchain technology create for cryptocurrency transactions?
A permanent, tamper-resistant record