Other questions in this quiz

2. When was the Bank Of England Established?

  • 1963
  • 1964
  • 1965
  • 1967

3. What is the definition of 'Fiscal Policy'?

  • Changing the level of government spending and tax.
  • Changing the level of money supply and interest rates.
  • Changing the level of government spending as interest rates.
  • Changing the level of money supply and tax.

4. What is the Monetary Policy?

  • Controlling the interest rates and tax.
  • Controlling the government spending and tax.
  • Controlling the money supply and interest rates.
  • Controlling the money supply and tax.

5. Which of the following is an effect of lowering Interest rates?

  • More expensive loans, meaning larger projects discouraged.
  • Cheaper borrowing, meaning less incentive to save.
  • Expensive borrowing, meaning more incentive to save.
  • Improves external value of currency.

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