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.

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the economic implications of trade deals, emphasizing the short-term adjustment costs and potential long-term effects on the economy. It highlights the importance of securing a trade deal to prevent economic shrinkage. The role of the Bank of England in facilitating government borrowing through monetary policy is explained, noting its impact on borrowing costs and liquidity. The discussion also touches on the government's response to economic shocks and the importance of active economic policy in mitigating the effects of crises.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential short-term effects on the economy if a new trade deal is not reached?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Why is it important for businesses to secure a trade deal in the current economic climate?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the government borrowing impact the overall economy during a health crisis?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does active monetary policy influence the cost of borrowing?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What measures can be taken to prevent firms from going bankrupt during economic downturns?

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OFF