The functions of the Bank of England include: A) The printing of currency (Sterling) B) Ensuring monetary stability C) Protecting and enhancing the stability of the financial system
A, B & C
1 of 8
The Bank of England's monetary stability objective is to meet the government's inflation target and maintain confidence in sterling as a currency. What is this target level of inflation?
2%
2 of 8
Quantitative Easing boosts economic activity by:
Purchasing assets such as government bonds (gilts) and high-quality corporate bonds from private sector banks
3 of 8
The Bank of England operates monetary policy by: A. Setting Bank Rate B. Changing UK tax rates C. Purchasing financial assets
A. & C. Only
4 of 8
Who at the Bank of England decides on quantitative easing?
MPC
5 of 8
Why did the Bank of England begin implementing a quantitative easing policy in March 2009?
To impact market demand and inflation more effectively
6 of 8
Who is responsible for deciding on the level of a countercyclical capital buffer (CCB) to deal with excessive credit growth in the UK economy?
FPC
7 of 8
On behalf of the UK financial services sector, who is the body responsible for regulating the conduct of financial entities with respect to:
FCA
8 of 8
Other cards in this set
Card 2
Front
The Bank of England's monetary stability objective is to meet the government's inflation target and maintain confidence in sterling as a currency. What is this target level of inflation?
Back
2%
Card 3
Front
Quantitative Easing boosts economic activity by:
Back
Card 4
Front
The Bank of England operates monetary policy by: A. Setting Bank Rate B. Changing UK tax rates C. Purchasing financial assets
Back
Card 5
Front
Who at the Bank of England decides on quantitative easing?
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