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?

<p>Policies and recommendations (A)</p> Signup and view all the answers

What type of issues are discussed in meetings of experts?

<p>Monetary and financial stability issues (C)</p> Signup and view all the answers

What was the primary purpose of creating BIS in 1930?

<p>To handle the reparation payments imposed on Germany by the Treaty of Versailles (D)</p> Signup and view all the answers

Where is the head office of BIS located?

<p>Basel, Switzerland (D)</p> Signup and view all the answers

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

<p>To facilitate international cooperation in pursuit of monetary and financial stability (B)</p> Signup and view all the answers

What is the nature of the meetings held at BIS?

<p>Regular meetings of Governors and senior officials of member central banks (B)</p> Signup and view all the answers

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

<p>60 (D)</p> Signup and view all the answers

What is one of the ways BIS pursues its mission?

<p>By conducting research on policy issues confronting central banks and financial supervisory authorities (C)</p> Signup and view all the answers

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