Which of the Following Is the Most Important Function of the Bank

question 177

Multiple Choice

Which of the following is the most important function of the Bank of Canada?

• A)the collection or clearing of cheques among chartered banks
• B)regulating the supply of money
• C)acting as a fiscal agent for the federal government
• D)holding the reserves of chartered banks

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Definitions:

Discrimination

Discrimination involves unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Impoverishment

The state of being extremely poor.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to restore prosperity during the Great Depression.

Rigidly Segregated

An environment or society where individuals are strictly separated based on certain characteristics, such as race.