Test Your Knowledge of Central Banking History with Our Quiz!

The Bank of England was founded in the seventeenth century

Riksbank was the first central bank to be established in the world (correct)

The Reserve Bank of India was founded before the Federal Reserve

The Federal Reserve was the first central bank to be established in the world

To manage the country's debt and provide finance to the government (correct)

To invest in the stock market

To provide loans to the general public

To provide finance to the government for social welfare programs

Central banks should not assume the role of lender of last resort in periods of crisis

Central banks should not lend to banks in periods of crisis

Central banks should lend freely to banks without any collateral

Central banks should lend at a high interest rate to banks in periods of crisis (correct)