1. Which statement correctly describes inflation ?

1. Inflation is when the value of cash falls because prices are increasing
2. Inflation is when the value of cash increases because the prices are decreasing
3. Inflation is primarily caused by the decrease in the money supply
4. Inflation does not cause any problems to a countrys economy
5. The US Federal Reserve generally sets an inflation target of about 5%

2. Mobile payments have completely taken over the way consumers make purchases in China. Which two companies are responsible for 92% of these mobile payment transactions ?

1. Tencent and Worldpay
2. Ant Financial and Worldpay
3. Tencent and Ant Financial
4. Ant Financial and Paypal
5. Paypal and Worldpay

3. In the banking industry, innovation is often inhibited by which of the following ?

1. Regulation
2. Competition
3. Lack of demand
4. Artificial Intelligence
5. None of the above

4. The Critical elements of reform grounded in first principles include all but which ?

1. Principles-based, data-driven supervision
2. Digitally native regulation
3. Machine-executable regulation
4. AML network monitoring
5. Ridig adherence to pre-existing rules and regulations

5. Why would a central bank perceive bitcoin or any other crypto currency to be a risk :

1. You can use it at every store in America
2. It can compete with fiat currencies because it can be used globally
3. It cannot be hacked or stolen
4. It is not volatile
5. All of the above

Please help me answer all question. Please do not answer one question. Thanks a lot