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    Question

    Which of the following institutions/treaties are engaged in setting up of financial standards and regulations that influence the global financial system?

    A International Monetary Fund (IMF) Correct Answer Incorrect Answer
    B Bank for International Settlements (BIS) Correct Answer Incorrect Answer
    C Global Financial Centres Correct Answer Incorrect Answer
    D World Trade Organisation Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    GFCs often set financial standards and regulations that influence the global financial system. They are home to some of the world's largest financial institutions, regulators, and standard-setting bodies, such as the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). GFCs also play a significant role in shaping global financial policy and regulation.

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