The Bank of England

Description: The Bank of England Quiz
Number of Questions: 15
Created by:
Tags: economics economic policymaking the bank of england
Attempted 0/15 Correct 0 Score 0

In what year was the Bank of England founded?

  1. 1694

  2. 1704

  3. 1714

  4. 1724


Correct Option: A
Explanation:

The Bank of England was founded in 1694 by a group of merchants and bankers who lent money to the government to finance the Nine Years' War.

Who is the current Governor of the Bank of England?

  1. Andrew Bailey

  2. Mark Carney

  3. Mervyn King

  4. Eddie George


Correct Option: A
Explanation:

Andrew Bailey was appointed Governor of the Bank of England in March 2020.

What is the Bank of England's primary objective?

  1. To maintain price stability

  2. To promote economic growth

  3. To ensure the stability of the financial system

  4. To manage the government's debt


Correct Option: A
Explanation:

The Bank of England's primary objective is to maintain price stability, which it does by setting interest rates and conducting monetary policy.

What is the Bank of England's target for inflation?

  1. 2%

  2. 3%

  3. 4%

  4. 5%


Correct Option: A
Explanation:

The Bank of England's target for inflation is 2%.

What is the Bank of England's Monetary Policy Committee?

  1. A group of economists who advise the Governor on monetary policy

  2. A group of bankers who set interest rates

  3. A group of government officials who oversee the Bank of England

  4. A group of academics who research monetary policy


Correct Option: A
Explanation:

The Bank of England's Monetary Policy Committee is a group of economists who advise the Governor on monetary policy.

What is the Bank of England's role in the financial system?

  1. To regulate banks and other financial institutions

  2. To provide financial services to the government

  3. To manage the government's debt

  4. To promote economic growth


Correct Option: A
Explanation:

The Bank of England's role in the financial system is to regulate banks and other financial institutions.

What is the Bank of England's role in the government's debt management?

  1. To issue government bonds

  2. To manage the government's cash flow

  3. To advise the government on economic policy

  4. To regulate the financial system


Correct Option: A
Explanation:

The Bank of England's role in the government's debt management is to issue government bonds.

What is the Bank of England's role in promoting economic growth?

  1. To set interest rates

  2. To regulate banks and other financial institutions

  3. To issue government bonds

  4. To manage the government's debt


Correct Option: A
Explanation:

The Bank of England's role in promoting economic growth is to set interest rates.

What is the Bank of England's role in managing the government's cash flow?

  1. To issue government bonds

  2. To manage the government's debt

  3. To regulate banks and other financial institutions

  4. To provide financial services to the government


Correct Option: B
Explanation:

The Bank of England's role in managing the government's cash flow is to manage the government's debt.

What is the Bank of England's role in advising the government on economic policy?

  1. To set interest rates

  2. To regulate banks and other financial institutions

  3. To issue government bonds

  4. To provide financial services to the government


Correct Option: D
Explanation:

The Bank of England's role in advising the government on economic policy is to provide financial services to the government.

What is the Bank of England's role in regulating banks and other financial institutions?

  1. To set interest rates

  2. To manage the government's debt

  3. To issue government bonds

  4. To provide financial services to the government


Correct Option:
Explanation:

The Bank of England's role in regulating banks and other financial institutions is to regulate banks and other financial institutions.

What is the Bank of England's role in issuing government bonds?

  1. To set interest rates

  2. To manage the government's debt

  3. To regulate banks and other financial institutions

  4. To provide financial services to the government


Correct Option:
Explanation:

The Bank of England's role in issuing government bonds is to issue government bonds.

What is the Bank of England's role in providing financial services to the government?

  1. To set interest rates

  2. To manage the government's debt

  3. To regulate banks and other financial institutions

  4. To provide financial services to the government


Correct Option: D
Explanation:

The Bank of England's role in providing financial services to the government is to provide financial services to the government.

What is the Bank of England's role in managing the government's debt?

  1. To set interest rates

  2. To manage the government's debt

  3. To regulate banks and other financial institutions

  4. To provide financial services to the government


Correct Option: B
Explanation:

The Bank of England's role in managing the government's debt is to manage the government's debt.

What is the Bank of England's role in regulating banks and other financial institutions?

  1. To set interest rates

  2. To manage the government's debt

  3. To regulate banks and other financial institutions

  4. To provide financial services to the government


Correct Option: C
Explanation:

The Bank of England's role in regulating banks and other financial institutions is to regulate banks and other financial institutions.

- Hide questions