The failure of Lehman Brothers and tax payer funded bailouts of US money center banks Citigroup and Britains RBS created a new operating environment for global banks between 2008 and the onset of Covid pandemic in early 2020. Which of the following is not true about the post-2008 banking environment?

	a.	Very low interest rates encouraged excessive borrowing and risk taking in markets like technology shares and real estate.
	b.	The Federal Reserve made it compulsory for all systemically important money center bank to pass annul stress tests before they were allowed to pay dividends to shareholders or buyback the shares.
	c.	Global banks gained market share in lending to corporates relative to asset managers and hedge funds.
	d.	Central banks imposed tighter regulation on banks and forced them to reduce balance sheet leverage.
	e.	The Federal Reserve expanded its balance sheet via buying bonds and thus kept US dollar interest rates at near zero levels.

Which of the following is not an accurate statement about Citigroups strategy in 2022?

	a.	Citigroup is creating a new Personal Banking and Wealth Management division under the global Consumer Bank.
	b.	Citigroup is expanding its Consumer Banking business in Mexico.
	c.	Citigroup has created three reporting units: banking, markets and services.
	d.	Citigroup is exiting 13 consumer markets in Asia.
	e.	Services include, treasury products, trade finance products and custody products.

Which of the following statement is not true about the Chinese economy in 2022?

	a.	Chinas property market crash is a structural problem that will badly hit local government finances and the banking system for many years.
	b.	US trade sanctions on Chinese telecom and technology firms will erode the competitiveness of the Peoples Republic of China.
	c.	China faces a baby bust even as its work force rapidly ages.
	d.	The Chinese yuan has appreciated against the US dollar in 2022.
	e.	Chinese economic growth has fallen to its lowest levels since 1990.