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Bank of England
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Bank Of England
UK central bank founded by act of Parliament in 1694. It was entrusted with issuing bank notes in 1844 and nationalized in 1946. It is banker to the clearing banks and the UK government.
As the government's bank, it manages and arranges the financing of the public sector borrowing requirement and the national debt, implements monetary policy and exchange-rate policy by intervening in foreign-exchange markets, sets interest rates (from 1997), and supervises the UK banking system.
© Research Machines plc 2008. All rights reserved. Helicon Publishing is a division of Research Machines plc.
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bank
Bank of England
building society
capitalism
command economy
council tax
credit (economics)
debt
economic activity
electronic commerce
enterprise zone
euro
European Free Trade Association
European Union
finance, sources of
financial institution
free enterprise
free trade
gross domestic product
gross national product
hire purchase
inflation (economics)
International Monetary Fund
loan
manufacturing industry
monetarism
mortgage
national debt
National Economic Development Council
nationalism (politics)
overdraft
pension
private enterprise
private finance initiative
private sector
privatization
public sector
public spending
service industry
single European currency
student finance
taxation
unemployment
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