UK Latest: BOE's Bailey on Rising Mortgage Costs

UK Latest: BOE's Bailey on Rising Mortgage Costs

Assessment

Interactive Video

Business

University

Hard

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The video discusses the role of monetary policy and the bank's responsibility in ensuring financial stability. It highlights the need to balance monetary policy transmission with the resilience of the banking system and the ability to support customers. The consequences of increased interest rates are also addressed, emphasizing the necessity of such measures from a monetary policy perspective.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of the speaker in the introduction?

The importance of customer service

The impact of fiscal policy

The role of monetary policy

The history of banking

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What dual responsibility does the bank have according to the speaker?

Interest rate management and public relations

Monetary policy and financial stability

Financial stability and marketing

Monetary policy and customer service

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to balance monetary policy and financial stability?

To increase bank profits

To ensure economic growth

To maintain system resilience and support customers

To reduce government intervention

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the potential consequences of increased interest rates mentioned by the speaker?

Financial system resilience challenges

Economic instability

Increased customer satisfaction

Decreased bank profits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the speaker suggest managing the consequences of monetary policy?

By ignoring customer needs

By focusing solely on profit

By supporting customers and managing consequences

By reducing interest rates immediately