Monetary Policy relates to decisions about...
Monetary Policy

Quiz
•
Other
•
12th Grade
•
Medium

Matt Prior
Used 62+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest rates & taxes
Taxes & government spending
Interest rates & the money supply
Government spending & the money supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who sets interest rates in the UK?
The government
The Monetary Policy Committee
The Queen
Martin Lewis
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the MPC's official target when setting interest rates?
To have no inflation in the economy
To have 2% inflation in the economy
To have 5% inflation in the economy
To have 10% inflation in the economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the MPC fail to meet the 2% inflation target, they must...
Write a letter to the Queen to apologise
Write a letter to the Chancellor of the Exchequer
Write a letter to all UK banks
Write a letter to all UK firms
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When interest rates are cut, which of the following should happen (in theory)? Tick all the correct answers...
Households spend less as there is a greater incentive to save.
Firms spend more as it is cheaper to take out a bank loan.
Households spend more as their monthly mortgage payments are lower (variable rate mortgages).
Households spend more as there is less incentive to save.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process of injecting more money into the economy commonly known as?
Qualitative easing
Quantitative easing
Supply Side Policy
A tariff
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Fisher's Quantity Theory of Money...
When additional money is injected into the economy, prices are likely to fall
When additional money is injected into the economy, prices are unlikely to rise
When additional money is injected into the economy, prices are likely to rise three times as much
When additional money is injected into the economy, prices are likely to rise by the same proportion
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