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The Bank of England, centre of the financial system, was founded in which year?

A1820
B1694
C1784
D1760
Answer & Solution
Correct answer: B. 1694
1. By 1784 there were over a hundred provincial banks. 2. The Bank of England dates from 1694. 3. By the 1820s there were over 600 provincial banks. _Source: syllabus Themes in World History, Theme 9, The Industrial Revolution._
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