Which of the Following Statements Are True of the Bank

question 70

Multiple Choice

Which of the following statements are true of the Bank of England?

• A) The Bank of England was established in 1894.
• B) Until 1997, the decision to raise or lower interest rates resided not with the Bank of England but with the chancellor of the Exchequer.
• C) The government can overrule the Bank and set rates "in extreme economic circumstances" and "for a limited period."
• D) B and C only.

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Definitions:

Companionate Love

Type of love consisting of intimacy and commitment.

Infatuation

A state of intense, often short-lived passion or admiration for someone or something.

Empty Love

A type of love characterized by commitment without intimacy or passion, often found in relationships that have endured beyond the dissolution of physical and emotional connections.

Groupthink

Kind of thinking that occurs when people place more importance on maintaining group cohesiveness than on assessing the facts of the problem with which the group is concerned.