Answer the questions at the end based on the text.

The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in operation today, after the Sveriges Riksbank. The Bank of England is the world's 8th oldest bank. It was established to act as the English Government's banker and is still one of the bankers for the Government of the United Kingdom. The Bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946. 

In 1998, it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with independence in setting monetary policy. 

The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, but it has a monopoly on the issue of banknotes in England and Wales and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland. 

The Bank's Monetary Policy Committee has a devolved responsibility for managing monetary policy. The Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances", but such orders must be endorsed by Parliament within 28 days. The Bank's Financial Policy Committee held its first meeting in June 2011 as a macro prudential regulator to oversee regulation of the UK's financial sector.

1. what is the model which most modern central banks are based?
2. does it have a formal name?
3. when was it founded?
4. is it the oldest bank of it's kind?
5. where does it rankl age wise?
6. who is the oldest?
7. who was it established at a banker to?
8. was it nationalized?
9. when?
10. who manages their money policy?
11. who can give them orders?
12. who has to agree with those orders?
13. in what time frame?
14. can it issue bank notes?
15. how many other UK banks can do that?
16. did it ever go public?
17. when?
18. who own;s it?

Numbered answers:
1. The Bank of England
2. the Governor and Company of the Bank of England
3. 1694
4. no
5. the second oldest central bank
6. the Sveriges Riksbank
7. the English Government
8. yes
9. 1946
10. The Bank's Monetary Policy Committee
11. The Treasury
12. Parliament
13. within 28 days
14. yes
15. Seven
16. yes
17. 1998
18. the Treasury Solicitor