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2.4 Financial markets and monetary policy (A-level only)

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Question 4

Which one of the following combinations correctly identifies the authority responsible for setting the UK CPI inflation target and the authority responsible for setting the official Bank Rate?

Inflation target: Chancellor of the Exchequer | Bank Rate: Monetary Policy Committee (MPC)

Inflation target: Monetary Policy Committee (MPC) | Bank Rate: Chancellor of the Exchequer

Inflation target: Chancellor of the Exchequer | Bank Rate: Financial Policy Committee (FPC)

Inflation target: Governor of the Bank of England | Bank Rate: Financial Conduct Authority (FCA)

2.4 Financial markets and monetary policy (A-level only) Questions

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  3. /2.4 Financial markets and monetary policy (A-level only)