How Is Responsibility for Monetary Policy Set Forth in Canada

question 88

Multiple Choice

How is responsibility for monetary policy set forth in Canada?

• A)The Canadian Government administers monetary policy through the office of the Minister of Finance.
• B)The Prime Minister bears ultimate responsibility for monetary policy.
• C)The Bank of Canada administers monetary policy as directed by the Minister of Finance.
• D)The Bank of Canada Act places responsibility for the conduct of monetary policy on the Bank's Governing Council.
• E)Both B and D

---

Definitions:

Types

Categories or classifications that differentiate items, concepts, or entities based on shared characteristics or qualities.

Description

A detailed account or explanation that outlines the characteristics, features, or particulars of an object, situation, or subject.

Dual Distribution

The process of a product being distributed through two different channels within the same market, often used to reach different customer segments.

Strategic Channel Alliance

A collaboration between businesses to optimize the distribution and sales channel without merging their operations, enhancing reach and efficiency.