Economics GCSE
Central banking
What Central banking means in Economics GCSE, as defined for AQA.
Definitions of Central banking
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Central banking in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The Bank of England is the UK's central bank, responsible for maintaining monetary stability and overseeing the financial system.
The role of the Bank of England, the UK's central bank, in managing the economy and ensuring stability of the financial system.
Topics that use Central banking
Related terms
- Bank of England
- Building societies
- Business investment
- Commercial banking
- Financial institutions
- Financial intermediation
- Financial sector
- Financial stability
Using Central banking in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge