Bank of England

Definition

UK's central bank. Its governing body (called of Court Of Directors) is made up of a governor, two deputy governors, and 16 non-executive directors. All members of the court are appointed by the crown for renewable terms: the governor and deputy governors for five years and directors for three years. Established in the 1694 during the reign of King William and Queen Mary by William Paterson as a private company, it lent to the government and acted as its debt manager. Nationalized in 1946, it has its headquarters in London's Threadneedle Street.

单词	Bank of England
释义	Bank of England Definition UK's central bank. Its governing body (called of Court Of Directors) is made up of a governor, two deputy governors, and 16 non-executive directors. All members of the court are appointed by the crown for renewable terms: the governor and deputy governors for five years and directors for three years. Established in the 1694 during the reign of King William and Queen Mary by William Paterson as a private company, it lent to the government and acted as its debt manager. Nationalized in 1946, it has its headquarters in London's Threadneedle Street.
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