Asked in a 2019 paperModerate

New Fintech Firm in Switzerland registered by which company May 2019?

Correct answer: B. Facebook

  • A. Hawaii
  • B. Facebook
  • C. Apple
  • D. Samsung

Explanation

Facebook registered a Swiss fintech company called Libra Networks in May 2019 to support its planned digital-currency project. The proposed cryptocurrency was initially called Libra.

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About Global Economy

Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.

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