Also known as the "central banks' central bank," the ____ attempts to facilitate cooperation among countries with regard to international transactions.

Question

​Also known as the "central banks' central bank," the ____ attempts to facilitate cooperation among countries with regard to international transactions.

Quizplus · Accepted Answer

The Bank for International Settlements (BIS) is often referred to as the "central banks' central bank," as it serves as a hub for cooperation and coordination between central banks and other monetary authorities around the world. Its main goal is to promote international monetary and financial stability, and it facilitates transactions between central banks and other international organizations. The other answer options (World Bank, IFC, WTO, and IDA) focus on different areas of international development and financial regulation, and do not have the same level of involvement in central banking activities as the BIS.

​Also Known as the "Central Banks' Central Bank," the ____

Also Known as the "Central Banks' Central Bank," the ____