Which among the following became the First US Bank with Cryptocurrency?
Correct answer: D. JP Morgan Chase & Co.
- A. Goldman Sachs
- B. Wells Fargo
- C. John Meachel
- D. JP Morgan Chase & Co.
Explanation
JPMorgan Chase launched JPM Coin, making it the first major US bank to introduce its own cryptocurrency for institutional payments. Goldman Sachs and Wells Fargo had not launched an equivalent bank-issued coin at that point.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
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.
Practise Global Economy
448 free Global Economy MCQs from International Current Affairs, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask International Current Affairs questions like this
International Current Affairs is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Global Economy questions
Which government has decided to give lifetime tax exemption to women having 4 or more children?
What are the total yearly spendings of USA in Afghanistan?
Who becomes the world's youngest self-made billionaire according to Forbes billionaires' list-2019?
The organisation that released World Employment and Social Outlook Trends 2019 report.
The European Commission has recently added which country to dirty-money blacklist?
Why India withdraw the MFN status for Pakistan on 15 Feb, 2019?