1. Traditionally, changes in the price level explained by an excess of total demand.
2. Considerable efforts made now to solve economical problems.
3. Inflation increases steadily this year.
4. Besides the Bank was always a repository of gold.
5. Different explanations given to the participants.
6. In 1946 the Bank nationalizing and it operating today as the UK’s central bank executing monetary policy on behalf of the Government and supervising the markets in one of the world’s largest and most sophisticated centers.