Which of the following acted as the central bank for West African countries before their independence?
-
A.
The West African Clearing House -
B.
The British Bank for West Africa -
C.
The West African Currency Board -
D.
The African Development Bank
Correct Answer: Option C
Explanation
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