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The Exchequer is a bank account in the Bank of England, originally used by the monarch to store money raised from taxes, but now used by the government for the same purpose. The title dates from the Middle Ages.

A2 It was originally a two dimensional grid 'the chequer' to which the inputs were entered on one edge, and the demands on an adjacent edge.

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Q: Why the name 'chancellor of the exchequer'?
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