Which autonomous institution is responsible for monetary policy, issuing banknotes, and maintaining price stability in Türkiye?
Answer and explanation
Correct answer: C. Central Bank of the Republic of Türkiye
- Step 1: TCMB (Türkiye Cumhuriyet Merkez Bankası), headquartered in Ankara, is the independent central banking authority.
- Step 2: It sets benchmark policy interest rates and manages national foreign exchange reserves.
Answer
Central Bank of the Republic of Türkiye.
Why not the others: 'Ministry of Treasury and Finance' sets fiscal policy and budgets; 'Borsa Istanbul' is the national stock exchange; 'BDDK' supervises commercial banking conduct.
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