Statistics for Economics: Topic 10.5, Year 2 Definitions

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Definitions	Answer	% Correct
An organisation with 188 member countries that aims to encourage global monetary cooperation, secure financial stability and promote international trade.	The International Monetary Fund	100%
Responsible for managing the monetary system in an economy.	A Central Bank	67%
Refers to actions taken by the government to manipulate interest rates, the supply of money, and the exchange rate to achieve its macroeconomic objectives.	Monetary Policy	33%
A financial institution whose distress or failure would cause significant disruption to the international financial system and global economic activity.	A Global Systemically Important Bank (G-SIB)	0%
A sale and repurchase transaction of a financial asset between one or more commercial banks and the Bank of England.	A Repo	0%
Exists whenever either the seller or buyer of a product has more information than the other party to the transaction.	Asymmetric Information	0%
The finance raised through issuing shares and retaining earnings from previous trading periods.	Capital	0%
Comprises the banknotes in circulation along with the balances or reserves held by commercial bank and building societies at the Bank of England.	Central Bank Money	0%
Comprises a bank's common equity and its disclosed retained profit.	Core Tier One Capital	0%
Debt issued by the Bank of England on behalf of the UK government. These normally receive a fixed interest payment and have a lifespan in excess of one year.	Government Bonds	0%
Operates to mitigate systemic risk.	Macroprudential Regulation	0%
Exists when one person or organisation takes greater risks because third parties carry the burden of those risks.	Moral Hazard	0%
Actions undertaken by central banks to provide or withdraw liquidity from one or more commercial banks.	Open Market Operations	0%
A form of monetary policy where a central bank creates new money electronically to buy financial assets.	Quantitative Easing (QE)	0%
The process through which the Bank of England intervenes to manage the failure of a financial institution.	Resolution	0%
The amount of profit kept by the bank and not paid out to shareholders in the form of dividends.	Retained Profit	0%
The creation and sale of financial products, such as bonds, backed by the income generated by an asset, such as mortgages or car loans.	Securitisation	0%
A group of nine experts in monetary issues who meet monthly to make a decision of the UK's bank rate.	The Monetary Policy Committee (MPC)	0%
The organisation responsible for the regulation and supervision of financial institutions in the UK.	The Prudential Regulation Authority	0%
Refers to that part of the economy concerned with producing goods and services.	The Real Economy	0%