Which of the Following Is NOT a Power of the Bank

question 27

Multiple Choice

Which of the following is NOT a power of the Bank of Canada?  

• A) setting the prime interest rate 
• B) engaging in open market operations 
• C) buying and selling Canadian government securities 
• D) extending loans to chartered banks

---

Definitions:

Framing

The way information is presented to influence perception and choices.

Importance

The state or fact of being of great significance or value.

Framing

The way in which information is presented to influence perceptions, decisions, and judgments; often used in contexts of communication and psychology.

Nudge

A framing of choices by which governments and companies can, without coercion or altered incentives, encourage people to make choices that support their health, retirement savings, and well-being.