What Is the Primary Function of the Bank of Canada

question 68

Multiple Choice

What is the primary function of the Bank of Canada?

• A) to charter national banks
• B) to help the government influence the economy
• C) to appoint its board members to run the bank independently
• D) to regulate the supply of money in Canada to maintain a healthy economy

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Definitions:

Debt Ratios

Financial metrics used to gauge a company's ability to repay its debt obligations by comparing its debt levels to other financial figures.

Profitability Ratios

Metrics used to assess a business's ability to generate earnings relative to its revenue, assets, equity, or other financial metrics over a specific period.

Mint.com

A free, web-based personal financial management service for the US and Canada, which helps users track their spending and manage their budget.

Personal Finances

The management of an individual's money and financial decisions, including budgeting, investing, and planning for the future.