Which of the following statements best describes the Bank of Canada? It is:
A) a publicly owned and publicly controlled central bank, whose basic goal is to provide income for the Government of Canada.
B) a privately owned and publicly controlled central bank, whose basic goal is to earn profits for its owners.
C) a publicly owned and publicly controlled central bank, whose basic goal is to control the money supply and interest rates and maintain price stability and it is an independent agency of government.
D) a privately owned and publicly controlled central bank, whose basic function is to minimize the risks in chartered banking in order to make it a reasonably profitable industry.
Correct Answer:
Verified
Q100: The price of a bond with no
Q101: Q102: If the monetary authorities want to reduce Q103: In the Canadian economy, the money supply Q105: Which of the following is not a Q106: The Bank of Canada: Q107: The fundamental objective of monetary policy is Q108: An important routine function of the Bank
A)acts as a fiscal
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