On 12 June 1967, the Malaysian dollar, issued by which new central bank, replaced the Malaya and British Borneo dollar at par?
Answer and explanation
Correct answer: B. Central Bank of Malaysia
- Step 1: On 12 June 1967, the Malaysian dollar, issued by the new central bank, Central Bank of Malaysia, replaced the Malaya and British Borneo dollar at par. Answer: Central Bank of Malaysia. Why not the others: Bank of England is the British central bank; Straits Settlements Treasury is a colonial treasury; Monetary Authority of Singapore is the Singapore authority.
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