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Questions and Answers
What is the main objective of the Central Bank of Egypt (CBE) according to the given text?
What is the main objective of the Central Bank of Egypt (CBE) according to the given text?
- Targeting price stability and ensuring the soundness of the banking system (correct)
- Encouraging extension of commercial banking system in the rural areas
- Influencing allocation of credit
- Regulating the functioning of the foreign exchange market
What does the Central Bank of Egypt (CBE) do in relation to banknotes?
What does the Central Bank of Egypt (CBE) do in relation to banknotes?
- Manages the foreign exchange reserves of the country
- Supervises the banking sector
- Issues banknotes (correct)
- Regulates the functioning of the foreign exchange market
Which function falls under the role of the Central Bank of Egypt (CBE) as mentioned in the given text?
Which function falls under the role of the Central Bank of Egypt (CBE) as mentioned in the given text?
- Supervising the banking sector
- Directing the national payments system (correct)
- Integrating the unorganized financial sector with organized financial sector
- Recording and following up on Egypt's external debt
What does the Central Bank of Egypt (CBE) aim to achieve through the financial inclusion initiative?
What does the Central Bank of Egypt (CBE) aim to achieve through the financial inclusion initiative?
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What is an authority and power assumed by the Central Bank of Egypt (CBE) as stated in the given text?
What is an authority and power assumed by the Central Bank of Egypt (CBE) as stated in the given text?
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