How Is Responsibility for Monetary Policy Set Forth in Canada

question 56

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

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Definitions:

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Abnormalities in the form or shape of a part of the body, often resulting from genetic factors, trauma, or disease.

Mental Retardation

An outdated and offensive term formerly used to describe individuals with significantly below-average cognitive ability and limitations in daily functioning; now more appropriately referred to as intellectual disability.

Rubella

A contagious viral disease characterized by a distinctive red rash, often mild in children but can have serious consequences if contracted by pregnant women for the fetus.

Physical Defects

Abnormalities or impairments in body structure or function that are present from birth or develop over time.