Read Chapters 23, 24, 25, 26 of the Textbook, Money and Banking (Robert E. Wright, Vincenzo Quadrini)
After carefully reading all the available information, prepare a two page (double-spaced) summary of the document available at:
http://www.bankofengland.co.uk/publications/other/monetary/montrans.pdf
Cite references to material that you use in preparing the essay.