UNIT 9 MIDTERM

Front

monetary stability

Back

confidence in currency

Front

financial stability

Back

mitigate risk

Front

lender of last resort

Back

to lend money to banks in difficult financial periods when they cannot borrow from anywhere else

Front

remunerated

Back

paid

Front

sterling

Back

the name of British currency (British pounds)

Front

sound (adj)

Back

in good condition

Front

base rate

Back

the rate that central banks lend money to commercial banks

Front

incentive (tax incentive)

Back

a reduction in the amount of money that has to be paid that encourages somebody to do something

Front

oversight

Back

supervision.