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BIS: History and Function

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Questions and Answers

What is the primary purpose of the meetings held every two months in Basel?

To accept deposits from private individuals and companies

To focus on legal matters and reserve management

To exchange views on topical issues of central bank interest or concern (correct)

To discuss monetary policy and central bank governance

What type of organizations are the customers of BIS?

Private individuals and companies

Private banks and financial institutions

Central banks and international institutions (correct)

Government agencies and non-profit organizations

What is a consequence of turmoil in any part of the world?

Improved financial stability globally

Repercussions on the rest of the world (correct)

Increased economic growth in other regions

No impact on the global economy

What does BIS provide to central banks and governments?

Policies and recommendations Signup and view all the answers

What type of issues are discussed in meetings of experts?

Monetary and financial stability issues Signup and view all the answers

What was the primary purpose of creating BIS in 1930?

To handle the reparation payments imposed on Germany by the Treaty of Versailles Signup and view all the answers

Where is the head office of BIS located?

Basel, Switzerland Signup and view all the answers

What is the primary goal of BIS according to its mission?

To facilitate international cooperation in pursuit of monetary and financial stability Signup and view all the answers

What is the nature of the meetings held at BIS?

Regular meetings of Governors and senior officials of member central banks Signup and view all the answers

How many countries are represented by central banks or monetary authorities as members of BIS?

60 Signup and view all the answers

What is one of the ways BIS pursues its mission?

By conducting research on policy issues confronting central banks and financial supervisory authorities Signup and view all the answers