The Bank of Canada Does Not Do Which of the Following

question 15

Multiple Choice

The Bank of Canada does not do which of the following?

• A)act as a lender of last resort to banks
• B)issue bank notes
• C)lend money to the public
• D)hold government of Canada securities
• E)supervise chartered banks

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Definitions:

National Government

signifies the central government of a country which holds the authority to govern and make decisions for the nation as a whole.

Federal Energy Regulatory Commission

A U.S. government agency that regulates the interstate transmission of electricity, natural gas, and oil.

Transportation

The movement of goods or people from one location to another, facilitated by various modes such as road, rail, air, or sea.

Wholesale Price

The cost of goods sold in large quantities primarily to retailers or other merchants, rather than directly to consumers.