Question

The first full fledged Central Bank of the World

• A. Federal Reserve System
• B. Bank of England
• C. European Central Bank
• D. Bank of Japan

Answer 1

Answer:

B. Bank of England

Origin and History of Central Banking:

• First Central Bank - Sveriges Riks Bank, Sweden (established in 1656 as a privately owned bank. Later, converted to a state owned bank in 1668.)
• But it was not considered as the first full fledged Central Bank of the World
• Bank of England founded in 1694 (First Central Bank issue currency notes) was recognized as the first full fledged Central Bank of the World,
• Central Bank of France - France (1800)