AAFM Exam GLO_CWM_LVL_1 Topic 7 Question 74 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 74
Topic #: 7

[All GLO_CWM_LVL_1 Questions]

______ serves as a bank for central banks

AInstitute of International Finance

BIMF

CBank for International Settlements

DAll of the above

Show Suggested Answer

Suggested Answer: A

by Leonida at Mar 05, 2024, 05:15 AM

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Melita

1 months ago

All of the above? I guess the exam writers wanted to give us a chance to showcase our 'everything but the kitchen sink' knowledge.

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Desirae

2 days ago

A) Institute of International Finance

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Kattie

2 months ago

Bank for International Settlements, of course! That's the classic answer. Although, I do wonder if the IMF has some central banking functions too. *scratches head*

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Marisha

5 days ago

The IMF also has some central banking functions, so it's not just the BIS.

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Lajuana

16 days ago

Yes, the Bank for International Settlements serves as a bank for central banks.

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Devorah

22 days ago

Bank for International Settlements, of course! That's the classic answer.

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Lynelle

2 months ago

All of the above? Really? I don't think the Institute of International Finance is a bank for central banks. But I guess I could be missing something.

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Elly

18 days ago

Yes, the Bank for International Settlements is a bank for central banks.

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Solange

21 days ago

I believe the Bank for International Settlements serves as a bank for central banks.

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Linette

1 months ago

I think the Institute of International Finance is not a bank for central banks.

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Leonor

2 months ago

Hmm, I think the IMF is more of a global financial institution rather than a bank for central banks. But I could be wrong on that.

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Carli

2 months ago

The Bank for International Settlements is the central bank's bank, right? I remember learning that in my economics class.

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Gregoria

1 months ago

It's like a bank for the banks, making sure they have a place to exchange currencies and settle transactions.

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Ruthann

2 months ago

Yes, that's correct. The Bank for International Settlements serves as a bank for central banks.

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Royal

2 months ago

I'm not sure, but I think D) All of the above could also be correct.

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Kirk

2 months ago

I agree with Narcisa, central banks use BIS for financial transactions.

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Narcisa

3 months ago

I think the answer is C) Bank for International Settlements.

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