Which of the Following Statements Are True of the Bank

question 37

Multiple Choice

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

• A) The Bank of England was established in 1919.
• B) The governor and four deputy governors comprise the monetary policy making body.
• C) Until 1997, the decision to raise or lower interest rates resided not with the Bank of England but with the chancellor of the Exchequer.
• D) Both B and C of the above.

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Definitions:

MP

Short for Modus Ponens, a form of argument in logic where if the first statement is true, then the second statement must also be true (If P, then Q. P, therefore Q).

Simp

An internet slang term derogatorily used to describe someone who is perceived as overly submissive or attentive to someone else, often without receiving any attention or affection in return.

Add

To attach or combine one thing with another to augment its size, quantity, or total.

UI

This term might refer to "User Interface," which is the means by which a user interacts with a computer, software, or application.