BOE Hikes Key Rate by 50 Basis Points to 5%

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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the concern among economists about raising interest rates by 50 basis points?
It would reek of panic.
It would signal a lack of confidence.
It would have no impact.
It would be too conservative.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential consequence if interest rates reach 6% according to Bloomberg Economics research?
A recession in the UK.
A decrease in inflation.
A significant increase in exports.
A boom in the housing market.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main challenges for the UK Prime Minister in the context of rising interest rates?
Increasing the national debt.
Balancing inflation control with economic growth.
Improving international trade relations.
Reducing unemployment rates.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the rise in interest rates affect mortgage borrowers?
It makes it easier to obtain loans.
It increases the risk of repossessions.
It has no effect on them.
It decreases their monthly payments.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Chancellor's stance on opposing the Bank of England's decisions?
He is eager to oppose them.
He is indifferent to them.
He fully supports opposing them.
He does not want to go against them.
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