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      Question

      The main objective of the Bank for International

      Settlements (BIS) is often described as:
      A Lending to developing countries. Correct Answer Incorrect Answer
      B Promoting long-term development projects. Correct Answer Incorrect Answer
      C Fostering cooperation among central banks and promoting monetary/financial stability. Correct Answer Incorrect Answer
      D Regulating global securities markets. Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The BIS is the "central bank for central banks." It facilitates dialogue and cooperation, conducts research, and provides banking services to central banks.

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