Turkish Polıtıcs Deneme Sınavı Sorusu #1122001
Which of the following is true about the first bank, The Ottoman Bank, established in the Ottoman period in 1863?
I. The Ottoman State had limited control over the bank
II. It served like the Central Bank in modern Turkey.
III. The only owner of the bank was the Ottoman State.
IV. It was established to put the State's finances in order.
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Only I and II |
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Only II and IV |
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Only I, II and III |
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Only I, II and IV |
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I, II, III and IV |
The first bank, the Ottoman Bank, was established as a Franco-British partnership in 1863 and functioned almost like a central bank in Turkey. It was established to bankroll the state, issue banknotes, and to put the state’s finances in order. The Ottoman state possessed limited control over the activities of the bank; and hence, over monetary policy. Thus, the answer is D.
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