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    Question

    Which is true about the Maldivian Monetary Authority

    (MMA)? 
    A Founded in 1964 as Maldives’ first central bank Correct Answer Incorrect Answer
    B Dissolved after Maldives adopted USD Correct Answer Incorrect Answer
    C Regulates banking and capital markets since 1982 Correct Answer Incorrect Answer
    D Serves as RBI’s Maldives subsidiary Correct Answer Incorrect Answer
    E Transformed into Maldives Monetary Authority Correct Answer Incorrect Answer

    Solution

    Originally founded in 1981 as the Maldives Monetary Authority, it functions as the country’s central bank, regulating currency and financial stability. The organization is commonly referred to as “MMA.” 

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