Central Banks Around the World Quiz

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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?

Banks of issue Signup and view all the answers

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

Eighteen Signup and view all the answers

What was the primary function of the initial central banks?

Providing finance to the government for war expenses Signup and view all the answers

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

Banks of issue Signup and view all the answers

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

1935 Signup and view all the answers

Which was the first central bank to be established?

Riksbank, the Swedish Central Bank Signup and view all the answers

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

18 Signup and view all the answers

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?

When was the Federal Reserve, the Central Bank of the United States, established?

What was the first central bank to be established?

What was the initial designation of central banks before the term 'central banking' came into existence?

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

What was the primary function of the initial central banks?

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

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

Which was the first central bank to be established?

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

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