The Bank for International Settlements (BIS) is an organization formed by the largest commercial banks operating in developed markets.

Question

Quizplus · Accepted Answer

The Bank for International Settlements (BIS) is not formed by commercial banks. It is an international financial institution that serves as a central bank for central banks. Its members include central banks from around the world, not commercial banks.

The Bank for International Settlements (BIS) Is an Organization Formed