Q 01/05

Which country adopted the euro and joined the Schengen Area on January 1, 2023?

A) Croatia

B) Romania

C) Hungary

D) Bulgaria

Answer · why

A) Croatia

Croatia became the 20th euro-area member and the 27th Schengen state on 1 January 2023, the first eurozone enlargement since Lithuania in 2015.

Q 02/05

Which country became NATO's 31st member on April 4, 2023, doubling its border with Russia?

A) Sweden

B) Finland

C) Georgia

D) Ukraine

Answer · why

B) Finland

Finland, whose 1,340 km frontier with Russia roughly doubled the alliance's land border with Russia, became NATO's 31st member on 4 April 2023, less t...

Q 03/05

Which US lender failed on March 10, 2023, the largest such failure since 2008?

A) Signature Bank

B) PacWest Bancorp

C) Silicon Valley Bank

D) Republic First Bank

Answer · why

C) Silicon Valley Bank

Silicon Valley Bank, then the 16th-largest US bank, was closed by California regulators on 10 March 2023 after a deposit run triggered by losses on it...

Q 04/05

Which San Francisco lender did the FDIC seize and sell to JPMorgan Chase in May 2023?

A) Wells Fargo

B) Silvergate Bank

C) Western Alliance Bank

D) First Republic Bank

Answer · why

D) First Republic Bank

First Republic Bank was seized on 1 May 2023 and sold to JPMorgan Chase, the second-largest bank failure in US history behind Washington Mutual in 200...

Q 05/05

Which bank bought Credit Suisse for 3 billion francs in a Swiss-brokered deal in March 2023?

A) UBS

B) Julius Baer

C) BNP Paribas

D) Deutsche Bank

Answer · why

A) UBS

UBS agreed on 19 March 2023 to buy Credit Suisse for about 3 billion Swiss francs in an all-share deal brokered by the Swiss government, ending the 16...