Bank for International Settlements: Headquarter & purpose
Q. Which of the following statements is/are correct about the Bank for International Settlements (BIS)?
1. Its shares are owned by central banks of member countries.
2. The headquarter is in New York.- Published on 16 Nov 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Only 1
- The Bank for International Settlements is an international company limited by shares owned by central banks
- Its aim is to fosters international monetary and financial cooperation and serves as a bank for central banks.
- It also provides banking services, but only to central banks and other international organizations.
- It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.
