The Target Inflation Range Set by the Bank of England

question 69

Multiple Choice

The target inflation range set by the Bank of England is ________.

• A) 1-4 percent
• B) 1-3 percent
• C) 2-4 percent
• D) 2-3 percent

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Definitions:

Phase Angle

The difference in phase between the inputs and outputs of a system, often measured in degrees or radians.

Parallel Circuit

An electrical circuit in which components are connected so that the same voltage is applied to each component, but the total current is divided among the components.

Inductive Reactance

The opposition that an inductor presents to alternating current, due to its inductance, proportional to the frequency of the current.

Confederation Congress

The governing body of the United States under the Articles of Confederation, serving from 1781 to 1789, before the adoption of the Constitution.