What is the Bank of England's role in issuing banknotes?
It has a monopoly on the issue of banknotes in England and Wales
It has no role in issuing banknotes
It shares the responsibility with other banks
It only issues banknotes in Scotland and Northern Ireland
Answer
The Bank of England is one of eight banks authorised to issue banknotes in the United Kingdom. It has a monopoly on the issue of banknotes in England and Wales, and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland.
The Bank of England Quiz: Unleash Your Financial Knowledge!
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox