Mark Carney: 500 Days Leading the Bank of England

Mark Carney, appointed in July 2013, succeeded Mervyn King as the Governor of the Bank of England. He introduced forward guidance to boost borrowing confidence and maintained low interest rates. Carney implemented bank stress tests to enhance financial transparency and proposed that shareholders, not taxpayers, should bear bank losses. He also showed his cultural interests by featuring Jane Austen on the £10 note and has a personal history as a college ice hockey goalie.

Who did Mark Carney replace as the head of the Bank of England?

• David Cameron

• Mervyn King

• Gordon Brown

• Jane Austen

What economic strategy did Carney introduce to boost borrowing confidence?

• Tax cuts

• Interest rate hikes

• Forward guidance

• Quantitative easing

What was the purpose of the bank stress tests initiated by Carney?

• To reduce interest rates

• To promote international trade

• To ensure lenders could withstand losses

• To increase bank profits

According to Carney's proposal, who should bear the losses if a bank suffers financial setbacks?

• Taxpayers

• Government

• Shareholders

• Employees

Which author did Carney choose to feature on the £10 note?

• Charles Dickens

• William Shakespeare

• Jane Austen

• J.K. Rowling