Banco Do Brasil Agente Comercial Practice Questions - Banco Do Brasil Escriturário - Agente Comercial Exam

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The Conselho Monetário Nacional (CMN) is the highest normative body of Brazil's Sistema Financeiro Nacional (SFN). What is its principal responsibility within the institutional structure of the Brazilian financial system?

Setting the general guidelines and rules for the country's monetary, credit and foreign exchange policies. Directly supervising bank branches and applying administrative penalties for operational infractions. Issuing banknotes and coins and running the currency-in-circulation services. Carrying out rediscount operations and liquidity lending to banking institutions.

Correct Answer:

Setting the general guidelines and rules for the country's monetary, credit and foreign exchange policies.

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