Which is the biggest Bank in the World 2020?
Correct answer: C. Industrial & Commercial Bank of China (ICBC)
- A. Citi Bank
- B. Deutsche Bank Ltd
- C. Industrial & Commercial Bank of China (ICBC)
- D. Bank of America
Explanation
Industrial and Commercial Bank of China, or ICBC, was the world’s largest bank by total assets around 2020. The other options were major banks but ranked below ICBC on this measure.
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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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