Which institution was established in 1935 to regulate the banking system and manage monetary policy?
Answer and explanation
Correct answer: A. The Banco Central de la República Argentina (BCRA), with Raúl Prebisch as its first general manager
- Step 1: The BCRA was created following recommendations from British expert Sir Otto Niemeyer. Step 2. Renowned Argentine economist Raúl Prebisch served as its first general director. Answer: The Banco Central de la República Argentina (BCRA), with Raúl Prebisch as its first general manager. Why not the others: It assumed the issuance of paper currency and commercial bank reserves regulation.
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