Central Bank Functions and Autonomy Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Integrate the unorganized financial sector with organized financial sector</p> Signup and view all the answers

    What is an authority and power assumed by the Central Bank of Egypt (CBE) as stated in the given text?

    <p>Authorities and powers provided by Law No. 88 for 2003</p> Signup and view all the answers

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