Which of the following activities is one of the resp... - Solved MCQs & Answer

2433EconomicsMedium

Which of the following activities is one of the responsibilities of the Bank of England to the banking system?

AIssuing new bonds to finance the PSBR.

BLoaning money to other countries that are friendly to the UK.

CAssisting Banks that are in a difficult financial position

DAuditing the various agencies and department of the government

Correct answer

C. Assisting Banks that are in a difficult financial position

Explanation

The correct answer is Assisting Banks that are in a difficult financial position.

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