Which of the Following Are Included in the Bank of Canada's

question 51

Multiple Choice

Which of the following are included in the Bank of Canada's Board of Directors?

• A)the governor,the senior deputy governor,the deputy minister of finance,and 12 private citizens
• B)the governor,minister of finance,and 12 part-time CEOs of private firms
• C)the governor,prime minister,and 12 part-time citizens
• D)the governor,the senior deputy governor,and 12 member of parliament

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Definitions:

Bilateral Contract

A type of contract involving two parties where each party has made a promise to the other.

Promise

An assurance given by one party to another, agreeing to do or not do something specified in the future.

Consideration

Consideration is a fundamental principle in contract law, referring to something of value exchanged between parties as part of an agreement.

Legal Value

Consideration or benefit recognized by law as sufficient to form a valid contract or enforceable obligation.