Mcguire Parsons
06/08/2024 · Middle School

How did the Bank of England spark a global panic? (A) It lowered interest rates, flooding the market with capital (B) It stopped financing loans to American companies (C) It raised the discount rate, forcing merchants to rein in their busine (D) It banned accounts affiliated with the opium trade

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The Bank of England caused a global panic by raising the discount rate.

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