Which describes the role of the Bank for International Settlements (BIS) in the global economy?

fostering international monetary and global financial stability and maintenance of gold reserves

Explanation:

The BIS serves as a bank for member central banks, and its role is to foster international monetary and financial stability. The Central Bank creates money to buy government securities from the market in order to lower interest rates and increase the money supply.

The BIS competes directly with other private financial institutions for global banking activities. However, it does not hold current accounts for individuals or governments. ... To compete with private financial institutions, the BIS offers a top return on funds invested by central banks.

The BIS has developed a range of banking services specifically designed to assist central banks and monetary authorities in the management of their foreign exchange and gold reserves. It also acts as a banker to, and manages funds for, international financial institutions.

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