Which of the Following Is a Duty of the Bank

question 59

Multiple Choice

Which of the following is a duty of the Bank of Canada?  

• A) regulating banks' reserve ratios 
• B) extending loans to households 
• C) offering deposit insurance 
• D) engaging in open-market-operations

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Definitions:

Gross Sales

Gross sales represent the total sales revenue of a company, without deducting any sales returns, allowances, or discounts.

Direct Expense

Expenses that can be directly tied to the production or sale of specific goods or services.

Traceable

Capable of being traced or tracked to a specific source or activity.

Department

A division within a business or organization tasked with particular functions or responsibilities.