BOE's Carney Signals Rate Cuts as Brexit Response

BOE's Carney Signals Rate Cuts as Brexit Response

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

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The video discusses Mark Carney's unprecedented proactive measures during a press conference, highlighting the Bank of England's commitment to providing liquidity and potential future actions like rate cuts. It also addresses market volatility, the rapid decline of the pound, and the ECB's challenges with a shrinking pool of eligible debt for purchase.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What unprecedented action did Mark Carney take in response to recent crises?

He resigned from his position.

He addressed the public live on TV twice in a week.

He increased interest rates significantly.

He closed several banks temporarily.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main concerns for Mark Carney regarding the pound?

The pound is too strong.

The pound is causing inflation.

The rapid decline in its value.

The pound is not being used enough in international trade.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic issue is highlighted by the fluctuations in the stock market?

Lack of investment

Consistent decline

High volatility

Stable growth

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What challenge is the ECB facing with its debt purchase program?

Lack of interest from investors

A shrinking pool of eligible debt

High interest rates on bonds

Too many bonds to choose from

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What might the ECB need to do to address the scarcity of eligible debt?

Increase interest rates

Stop purchasing bonds

Loosen the boundaries of their rules

Focus on other financial instruments