In Canada, who has responsibility for the control of the money supply?
A) the Bank of Canada
B) the House of Commons
C) the Department of Finance
D) the prime minister

Question

Quizplus · Accepted Answer

The Bank of Canada is responsible for setting monetary policy and controlling the money supply in Canada. It does so by adjusting interest rates and managing the supply of money and credit in the economy. While the House of Commons and the prime minister play important roles in shaping economic policy, they do not have direct control over the money supply. The Department of Finance works closely with the Bank of Canada to coordinate fiscal and monetary policy, but it does not have primary responsibility for controlling the money supply.

In Canada, Who Has Responsibility for the Control of the Money