What was the floor for interest rates set by the bank during the financial crisis?
Negative Interest Rates Do More Damage Than Good: Sentance

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
0.25%
0.75%
0.10%
0.50%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential risk of implementing negative interest rates in the UK?
Increased consumer spending
Decreased savings rate
Higher inflation
Increased savings and reduced spending
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which policy has Rishi Sunak already implemented to support consumer spending?
Furlough scheme extension
VAT increase
Tax increase
Interest rate cut
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the suggested fiscal measures to boost consumer spending?
Increase in income tax
Increase in VAT
Selective incentives for spending
Reduction in public transport fares
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a challenge mentioned in achieving a V-shaped recovery?
Rapid increase in supply
Slow rebuilding of consumer confidence
Quick unlocking of all sectors
Immediate consumer confidence
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason monetary policy might not be effective in the current situation?
Rapid economic growth
Strong consumer confidence
High inflation
Interest rates are already low
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected shape of the recovery according to the most optimistic scenario?
U-shaped
L-shaped
V-shaped
W-shaped
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