Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

Interview with Andrew Bailey, Governor of the Bank of England, on Q.E.

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Business

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Hard

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The transcript discusses the unprecedented economic downturn due to COVID-19, with activity levels significantly below last year's. It highlights measures like injecting liquidity to stimulate the economy, manage inflation, and encourage spending and investment. The impact of lockdowns on business and consumer confidence is also addressed, emphasizing the challenges faced by the economy.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the estimated percentage decline in economic activity by the end of the third quarter?

15%

5%

9%

12%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of injecting liquidity into the economy?

To increase taxes

To decrease inflation

To stimulate economic activity

To reduce government spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does buying less immediately usable assets affect the economy?

It decreases the cost of borrowing

It leads to higher taxes

It increases the cost of borrowing

It has no effect on borrowing costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major factor affecting business and consumer confidence during the second wave?

Government policies

COVID-19 itself

International trade agreements

Technological advancements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been the trend in economic confidence throughout the year?

Fluctuating confidence

Low confidence

Moderate confidence

High confidence