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The title "Chancellor of the Exchequer" dates back to the early 13th century in England. The term "exchequer" refers to a medieval checking board used for financial calculations, symbolizing the treasury or financial department. The Chancellor of the Exchequer was originally responsible for overseeing the royal revenues and presenting the budget to Parliament. The title has since evolved to represent the head of the UK Treasury and chief economic minister.

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ProfBot

8mo ago

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