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- 1. Multiple Choice
Who is in charge of Monetary Policy?
The Government
The Bank of England
Local Government
The Department of the Treasury
- 2. Multiple Choice
Monetary Policy is the Bank of England's attempt to...
control the amount of money in circulation
control the Central Government's debt
control local governments' spending
none of these answers are correct.
- 3. Multiple Choice
If the Bank of England wants to reduce the amount of loans a bank can make, then it should adjust...
Open Market Operations
The Reserve Ratio
The Discount Rate
- 4. Multiple Choice
An expansionary policy means that the BoE is attempting to
increase the size of the nation's money supply
decrease the size of the nation's money supply
- 5. Multiple Choice
Which policy would help fight inflation?
Expansionary
Contractionary
- 6. Multiple Choice
Which policy would help fight unemployment?
Expansionary
Contractionary
- 7. Multiple Choice
During a recession, the BoE should use...
an expansionary policy
a contractionary policy
- 8. Multiple Choice
During an expansion, the BoE should use...
an expansionary policy
a contractionary policy
- 9. Multiple ChoiceWhich of the following scenarios would cause the nation’s money supply to increase?Decreasing government spendingLowering interest ratesRaising interest ratesSelling bonds to investors
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