'Prudential control' is the term used to describe the Bank of England's role in insisting that banks keep enough liquid assets.

Question

Quizplus · Accepted Answer

Prudential control refers to the regulatory measures aimed at ensuring financial institutions like banks maintain adequate liquidity, capital, and risk management practices to safeguard their solvency and stability, which aligns with the Bank of England's role in overseeing these aspects.

'Prudential Control' Is the Term Used to Describe the Bank