Central Banks Around the World Quiz
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Questions and Answers

What was the primary purpose of establishing central banks in the beginning?

  • To provide finance to the government for war expenses and debt management (correct)
  • To regulate international trade
  • To control the circulation of currency
  • To serve as regular commercial banks
  • When was the Federal Reserve, the Central Bank of the United States, established?

  • 1935
  • 1694
  • 1914 (correct)
  • 1668
  • What was the first central bank to be established?

  • Riksbank, the Swedish Central Bank (correct)
  • Reserve Bank of India
  • Bank of England
  • Federal Reserve
  • What was the initial designation of central banks before the term 'central banking' came into existence?

    <p>Banks of issue</p> Signup and view all the answers

    How many central banks were there at the turn of the twentieth century?

    <p>Eighteen</p> Signup and view all the answers

    What was the primary function of the initial central banks?

    <p>Providing finance to the government for war expenses</p> Signup and view all the answers

    What were central banks initially known as before the term 'central banking' came into existence?

    <p>Banks of issue</p> Signup and view all the answers

    When did the Reserve Bank of India, India’s central bank, start operations?

    <p>1935</p> Signup and view all the answers

    Which was the first central bank to be established?

    <p>Riksbank, the Swedish Central Bank</p> Signup and view all the answers

    What was the total number of central banks at the turn of the twentieth century?

    <p>18</p> Signup and view all the answers

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