..... is not the reason for the emergence of the central bank.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ is not the reason for the emergence of the central bank.

A	Globalization
B	Increased Trade
C	Booms of the Service Sector
D	Formation of Regional Blocks

Explanation:

Detailed explanation-1: -In essence, these trade blocs are designed to create less restrictive trade between members, while also increasing or standardizing trade restrictions with non-members.

Detailed explanation-2: -There are four types of trading bloc such as preferential trade area, free trade area, customs union and common market.

Detailed explanation-3: -For this purpose, it removes trade barriers and establishes closer commercial, monetary, financial and economic co-ordination and co-operation amongst the countries involved. By doing so, regional economic groupings aim to accelerate economic growth and development of the participating countries.

There is 1 question to complete.