Bank
of England
Arriving at the Bank. Not any old bank. The Bank of England
was founded in 1694 to assist financing the war William III
was waging in the Low Countries. It developed into becoming
the nations (governments) bank, and managing the national
debt. Its best known function was to design and print the
countrys banknotes and keep an equivalent (supposedly)
amount of gold in its vaults. It has recently been put in
charge of determining interest rates and managing
inflation.
Bank
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