Question

Which describes the role of the Bank for International Settlements (BIS) in the global economy?
Responses

provide short-term emergency loans
provide short-term emergency loans

provide long-term development loans
provide long-term development loans

generate multilateral agreements
generate multilateral agreements

coordinate banking regulations
coordinate banking regulations

Answer 1

The correct response describing the role of the Bank for International Settlements (BIS) in the global economy is:

**coordinate banking regulations**

The BIS acts as a bank for central banks and provides a platform for international monetary and financial cooperation, including the coordination and implementation of banking regulations.