A test of knowledge of the world's central banks

Here are 5 questions that will show your knowledge of the job Central banks of the world. Central Bank decisions always have a strong influence on the exchange rates of national currencies, so this knowledge will be very useful to you if you plan to trade profitably.

There are answers at the end of the test. If you notice a mistake, please follow the link and close your knowledge gap.

1. The largest foreign exchange reserves in the world are held by.....

(a) U.S. Federal Reserve System;

b) European Central Bank;

c) People's Bank of China;

d) International Monetary Fund.

 

2. The slang name "The Old Lady" carries....

(a) Reserve Bank of Australia;

b) Swiss National Bank;

c) Bank of Canada;

d) Bank of England.

 

3. Unlike most CBs, which bank firmly guarantees an effective and open announcement of its objectives?

(a) Bank of Canada;

b) Bank of Russia;

c) Reserve Bank of New Zealand;

d) Bank of Japan.

 

4. The decision on the level of interest rate by consensus rather than voting is made in...

(a) Bank of Russia;

b) Bank of Japan;

c) Reserve Bank of Australia;

d) Swiss National Bank.

 

5. Which Central Bank's functions are limited by law to the Ministry of Finance?

(a) Reserve Bank of Australia;

b) Bank of Japan;

c) the Bank of Russia;

d) the U.S. Federal Reserve System.

 

Answers: 1) в, 2) г, 3) а, 4) в, 5) б.