Please answer the following question: Information: - A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target. - Little Cayman is one of three islands comprising the Cayman Islands. It is located in the Caribbean Sea, approximately 60 miles northeast of Grand Cayman and five miles (8km) west of Cayman Brac. Little Cayman is by far the least populous, with a permanent population of about 170. It is about 10 miles (16km) long with an average width of 1 mile (2km) and most of the island is undeveloped. Almost the entire island is at sea level. The highest elevation is about 40 feet (12 metres). - The Cayman Islands (or ) is a British Overseas Territory in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman located south of Cuba, northeast of Costa Rica, north of Panama, east of Mexico and northwest of Jamaica. Its population is approximately 60,000, and its capital is George Town. - Cayman Brac is an island that is part of the Cayman Islands. It lies in the Caribbean Sea about north-east of Grand Cayman and east of Little Cayman. It is about long, with an average width of . Its terrain is the most prominent of the three Cayman Islands due to "The Bluff", a limestone outcrop that rises steadily along the length of the island up to above sea level at the eastern end. The island is named after this prominent feature, as "brac" is a Gaelic name for a bluff. - Panama, officially called the Republic of Panama, is a country usually considered to be entirely in North America or Central America. It is bordered by Costa Rica to the west, Colombia (in South America) to the southeast, the Caribbean Sea to the north and the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half of the country's 3.9 million people. - The Caribbean Sea is a sea of the Atlantic Ocean in the tropics of the Western Hemisphere. It is bounded by Mexico and Central America to the west and south west, to the north by the Greater Antilles starting with Cuba, to the east by the Lesser Antilles, and to the south by the north coast of South America. - Grand Cayman is the largest of the three Cayman Islands and the location of the territory's capital, George Town. In relation to the other two Cayman Islands, it is approximately 75 miles (121km) southwest of Little Cayman and 90 miles (145km) southwest of Cayman Brac. - Costa Rica (literally meaning "Rich Coast"), officially the Republic of Costa Rica, is a country in Central America, bordered by Nicaragua to the north, Panama to the southeast, the Pacific Ocean to the west, the Caribbean Sea to the east, and Ecuador to the south of Cocos Island. It has a population of around 4.5 million, of whom nearly a quarter live in the metropolitan area of the capital and largest city, San Jose. - Jamaica is an island country situated in the Caribbean Sea, consisting of the third-largest island of the Greater Antilles. The island, in area, lies about south of Cuba, and west of Hispaniola (the island containing the nation-states of Haiti and the Dominican Republic). Jamaica is the fourth-largest island country in the Caribbean, by area. - The Cayman Islands Monetary Authority ( CIMA ) is the primary financial services regulator of the Cayman Islands and supervises its currency board . The CIMA manages the Cayman Islands currency , regulates and supervises financial services , provides assistance to overseas regulatory authorities and advises the Cayman Islands government on financial - services regulatory matters . - In finance and economics, a monetary authority is the entity which controls the money supply of a given currency, often with the objective of controlling inflation or interest rates. With its monetary tools, a monetary authority is able to effectively influence the development of the short-term interest rates for that currency, but can also influence other parameters which control the cost and availability of money. - Cuba, officially the Republic of Cuba, is a country comprising the island of Cuba as well as Isla de la Juventud and several minor archipelagos. Cuba is located in the northern Caribbean where the Caribbean Sea, the Gulf of Mexico, and the Atlantic Ocean meet. It is south of both the U.S. state of Florida and the Bahamas, west of Haiti, and north of Jamaica. Havana is the largest city and capital; other major cities include Santiago de Cuba and Camaguey. Cuba is the largest island in the Caribbean, with an area of , and the second-most populous after Hispaniola, with over 11 million inhabitants. - Mexico (, modern Nahuatl ), officially the United Mexican States, is a federal republic in the southern half of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Covering almost two million square kilometers (over 760,000sqmi), Mexico is the sixth largest country in the Americas by total area and the 13th largest independent nation in the world. With an estimated population of over 120 million, it is the eleventh most populous country and the most populous Spanish-speaking country in the world while being the second most populous country in Latin America. Mexico is a federation comprising 31 states and a federal district that is also its capital and most populous city. Other metropolises include Guadalajara, Monterrey, Puebla, Toluca, Tijuana and Leon. After reading the paragraphs above, we are interested in knowing the entity with which 'cayman islands monetary authority' exhibits the relationship of 'instance of'. Find the answer from the choices below. Choices: - 1 - area - bank - british overseas territory - central bank - coast - country - currency - district - economics - elevation - exchange - federation - finance - gulf - island - metropolitan - money - name - ocean - outcrop - part - policy - republic - sea - state - terrain - territory - three - town - two
A:
central bank