Which of the following links together the central banks of the world and acts as a central banker's bank?
A) the IMF
B) the World Bank
C) the BIS
D) the EMU

Question

Quizplus · Accepted Answer

The BIS (Bank for International Settlements) links together the central banks of the world and acts as a central banker's bank, facilitating international monetary and financial cooperation, and acting as a forum for central banks to discuss policy and exchange information. IMF (International Monetary Fund) is an international organization that provides loans to countries experiencing balance of payments problems. The World Bank provides financial and technical assistance to developing countries. EMU (European Monetary Union) is a union of European countries that share a single currency, the euro, and a single monetary policy. None of these organizations directly serve as a hub for central banks worldwide.

Which of the Following Links Together the Central Banks of the World