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1) What is the historical importance of the Bank of England? a) It's been the greatest financial failure in the history of the world. b) It’s been the model for most modern central banks in the rest of the world. c) It was an economic success that later failed. 2) Where in the world ranking of oldest banks is the Bank of England placed? a) First b) Fourth c) Eighth 3) Where is it located at present? a) London b) Canterbury c) York 4) What are the most important ideas highlighted in Mary Poppins (1964) and also in English history related to the creation of the Bank of England? a) Loyalty, trust and prudence. b) Trust, prosperity and investment. c) Friendship, trust and feeding the birds. 5) What year was the Bank of England created? a) 1680 b) 1694 c) 1794 6) Who was the monarch at the time? a) Anne b) James II c) William III 7) Which of the following was the goal for the creation of the Bank of England? a) The financial support needed for war against France. b) The financial support needed after the Battle of the Boyne. c) The financial support needed for war against the Dutch. 8) What strategy did Parliament use to encourage subscribers? a) Parliament promised the repayment of annual interest. b) Subscribers would have a say in Parliament. c) Parliament promised to give out lands in exchange for the loans. 9) How did Parliament ensure the payment of interests? a) By making further demands upon the people, through taxes. b) By asking for more loans from other nations. c) By doing away with unnecessary costs. 10) Why was the Bank of England so important in times of war? a) Because it put England at a disadvantage. b) Because it put France at a disadvantage and positioned England as a powerful nation. c) Because it put England at a disadvantage and positioned France as a powerful nation. 11) Following the creation of the Bank of England, the nation's money was in control of the... a) Parliament. b) The King of England c) Rich merchants and subscribers to the bank.

History Quiz: The Bank of England

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