WAEC - Commerce (2012 - No. 19)
Which of the following acted as the central bank for West African countries before their independence?
The West African Clearing House
The British Bank for West Africa
The West African Currency Board
The African Development Bank
Spiegazione
The West African Currency Board was established in October 1912 following the Report of a Departmental Committee set up by the Secretary of State to enquire into the currency in use in British West Africa. It served as a central bank for the member states