The Bank of Canada

question 39

Multiple Choice

The Bank of Canada

• A) has complete independence from the Canadian government.
• B) is influenced by the federal government which appoints a governor, but has flexibility in meeting the goals of monetary policy.
• C) is a government agency run by the Ministry of Finance.
• D) is run by elected officials but is only subject to oversight by the Canadian prime minister.

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Definitions:

Market Value

The current price at which an asset or a company can be bought or sold in a public market.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business' operating cycle, whichever is longer.

Accounts Receivable

Money owed to a company by its debtors for goods or services that have been delivered or used but not yet paid for.

Bonds

Fixed-income investments representing a loan made by an investor to a borrower, typically corporate or governmental, with terms defining the interest rate and maturity date.