Which of the following functions was NOT a role performed by the Bank of England in the nineteenth century?
A)Lender of last resort to banks.
B)Facilitator of net settlement for banks' payment orders.
C)Prudential regulator of financial companies.
D)Sole issuer of notes in England and Wales.

Question

Quizplus · Accepted Answer

The Bank of England did not act as a prudential regulator of financial companies in the nineteenth century. This role developed later, with the establishment of more formal regulatory frameworks in the 20th century.

Which of the Following Functions Was NOT a Role Performed