Cards (26)

    • What are financial institutions?
      Entities facilitating flow of capital
    • Banks lend money, provide deposit accounts, and manage payments
    • What is an example of an insurer in England during the Stuart period?
      Lloyd's of London
    • The London Stock Exchange facilitated the trading of company shares.
    • When was the Bank of England founded?
      1694
    • The Bank of England revolutionized the monetary system by providing stability and financing government debt
    • What was a major driver of financial institution growth in England during the Stuart period?
      Economic expansion
    • Wars like the Nine Years' War led the government to borrow heavily, prompting the establishment of the Bank of England
    • Private banks in England introduced deposit accounts and loans during the Stuart period.
    • What role did the Bank of England play in Stuart Britain?
      Key development in 1694
    • The Bank of England managed debt by issuing £1.2million£1.2 million in shares
    • Which institution was established in 1694 to manage government borrowing?
      Bank of England
    • Private banks introduced deposit accounts and loans
    • The Bank of England issued £1.2million£1.2 million in shares to manage government debt.
    • Order the factors that led to the growth of financial institutions in England.
      1️⃣ Economic expansion
      2️⃣ Government debt
      3️⃣ Banking innovations
    • Match the financial institution with its primary function:
      Bank of England ↔️ Manages government debt
      London Stock Exchange ↔️ Facilitates trading of shares
    • The Bank of England funded military campaigns during the reign of William III and Mary II.
    • What are financial institutions designed to facilitate?
      Capital flow
    • Banks lend money, manage payments, and provide deposit accounts
    • The Bank of England revolutionized the monetary system by providing stability and financing government debt.
    • What is the primary function of insurers in financial institutions?
      Risk compensation
    • Match the financial institution type with its function:
      Banks ↔️ Manage deposits and loans
      Insurers ↔️ Cover risks for compensation
      Stock Exchanges ↔️ Facilitate share trading
    • The Bank of England began with £1.2million£1.2 million in shares to finance military campaigns.
    • The Bank of England and the London Stock Exchange emerged during the reign of William III and Mary II
    • How did the Bank of England promote financial stability during the reign of William III and Mary II?
      Managed government debt
    • Match the financial policy with its impact:
      Bank of England ↔️ Regulated banking
      Insurance Growth ↔️ Mitigated business risks
      Stock Exchange Expansion ↔️ Facilitated capital investment