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BANK OF ENGLAND (2)
BANK OF ENGLAND (2)
ScnMaster
the
central
bank
of the United Kingdom, founded in 1694 and located in
London
. It
issues
nearly all of the country's
bank
notes
(paper
money
), handles the nation's foreign
exchange
operations
and cooperates with the British
government
in influencing
business
and other financial
conditions
. It was owned by
private
stockholders until 1946 when the
government
bought
all its
stock
.
—
SHSBC
Binder 17 Approved Glossary