Which UK institution sets Bank Rate?
The HM Treasury.
The Financial Conduct Authority.
The Bank of England.
The Monetary Policy Committee.
Flashcards for OCR GCSE Economics Monetary policy, covering the key terms, formulae and calculations you need to recall for Component 01 and Component 02. 23 cards, matched to the OCR GCSE Economics (J205) specification. Recall questions account for roughly 35% of marks at GCSE Economics, so these target the marks you can secure before the paper starts.