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:

Status Quo Bias

A preference for the current state of affairs, with changes perceived as a loss.

Omission Bias

A cognitive bias that involves the tendency to judge harmful actions as worse, or less moral, than equally harmful omissions (inactions).

Decisions

The method of selecting options through recognizing a decision, collecting information, and evaluating different solutions.

Effort

The amount of physical or mental energy expended to achieve a goal.