Also known as the "central banks' central bank," the ____ attempts to facilitate cooperation among countries with regard to international transactions and provides assistance to countries experiencing a financial crisis.

Question

Quizplus · Accepted Answer

The Bank for International Settlements (BIS) is known as the "central banks' central bank" and it attempts to facilitate cooperation among countries with regard to international transactions, as well as providing assistance to countries experiencing a financial crisis. The World Bank (A), International Financial Corporation (IFC) (B), World Trade Organization (C), and International Development Association (IDA) (D) all have different functions and do not fit the description provided.

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