The Bank of England ‘quiz’. So many questions, and so few good answers.

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I watched the Bank of England video and quiz on a website called LadBible. I wrote about this here last week.

The video is about 2 minutes long. Forty seconds is dedicated to a discussion of a Roman Mosaic on the floor of the Bank of England. The rest involves a youngish woman asking a youngish man whether it is worth saving or not. He says it always is, apparently, whatever level of income you have.

Then there are four questions, as I recall (you cannot go back once you have done the quiz, or I would have screenshot them). One, at least of the questions, is on a topic never touched on in the video. It asks what the role of the Bank of England in saving is, to which the answer is that it sets interest rates. If anyone was relying on the video as a source of information, they would not have known that.

To indicate the standard of those questions, one was very close to this:

A person saves £100 for five years with 2% annual interest being paid. At the end of fives years how much money do they have in their account?:

  • £100
  • £102
  • Less than £102
  • More than £102

That was it.

I am not sure what value this is meant to have.

I am also worried that it has come out on a website called LadBible. Is that a misogynistic choice by the Bank?

Either way, this is crass if this is the level that this reaches. Dumbing down is rarely evidenced better than this.


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