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What does the Financial Stability Board (FSB) do?

  1. A
    It provides financial support to developing countries.
  2. B
    It manages the foreign exchange reserves of member countries.
  3. C
    It regulates interest rates for central banks worldwide.
  4. D
    It ensures financial stability.

Solution & Step-by-step Explanation

The Financial Stability Board (FSB) is an international body established after the G20 London summit to monitor and make recommendations about the global financial system. Its mandate is to promote international financial stability by coordinating national financial authorities and international standard-setting bodies.

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What does the Financial Stability Board (FSB) do?
A
It provides financial support to developing countries.
B
It manages the foreign exchange reserves of member countries.
C
It regulates interest rates for central banks worldwide.
D
It ensures financial stability.

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EconomyFinancial InstitutionsGlobal Governance

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