What Is One of the Functions of the Bank of Canada

question 46

Multiple Choice

What is one of the functions of the Bank of Canada?

• A) to maximize profits on behalf of its shareholders
• B) to issue currency
• C) to convert currency into gold
• D) to bail out the government

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Law of Effect

A psychological principle suggesting that behaviors followed by positive outcomes are likely to be repeated, whereas behaviors followed by negative outcomes are less likely to be repeated.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the reinforcement of desired behaviors and the discontinuation of undesired ones.

B.F. Skinner

An American psychologist known for his work in behaviorism and the development of the theory of operant conditioning.