Mark Carney: 500 Days Leading the Bank of England

Mark Carney: 500 Days Leading the Bank of England

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Business

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Hard

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Mark Carney, appointed in July 2013, succeeded Mervyn King as the Governor of the Bank of England. He introduced forward guidance to boost borrowing confidence and maintained low interest rates. Carney implemented bank stress tests to enhance financial transparency and proposed that shareholders, not taxpayers, should bear bank losses. He also showed his cultural interests by featuring Jane Austen on the £10 note and has a personal history as a college ice hockey goalie.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What action did Carney propose regarding banks that suffer losses?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What literary figure did Carney feature on the £10 note?

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