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Bank of England

The Bank of England is the central most bank in the United Kingdom. The building itself is located in the city of London on Threadneedle Street and is a large, beautiful building with huge columns. The Bank of England was first established in 1694 and is home to the Monetary Policy Committee, which is in charge of the monetary policy for the entire country of England. Its main function is to ensure that the economy and money in England remains stable and that all of the economic policies of England are upheld. Aside from that, it also serves the normal bank functions such as providing financial services to the citizens of England. There are two main and important positions within the Bank of England. The first is the chief cashier, and the second is the governor of the Bank of England. Both of these positions require an extreme attention to detail and a thorough knowledge of the economy within the country of England and the importance of its monetary system.

Although the Bank of England has been a part of the country for a few centuries, it was not officially a public central bank until 1946. Much like the United States Federal Reserve, the Bank of England determined the country's interest rates, making it an extremely important institution. In addition, it christens the bank notes and pound notes as well as retires them. The bank is a well known landmark and important fixture in the society of England. It has also been used in a few films, including Walt Disney's “Mary Poppins” when she takes the children to London to visit their father at work. It is an important part of the economy of England and of the world, and will continue to be for a very long time to come.