Under the Current "Joint Responsibility System," ________

question 108

Multiple Choice

Under the current "joint responsibility system," ________.

• A) the Bank of Canada does not have considerable autonomy in the conduct of day-to-day monetary policy
• B) in the event of a serious policy conflict the minister of finance can issue a directive that the Bank of Canada must follow
• C) the government has no responsibility for the policy being followed by the Bank of Canada
• D) the Bank of Canada has full responsibility for monetary policy

---

Definitions:

Differences

Refers to the disparities or variations that exist between two or more items, figures, or entities, often used in financial analysis and auditing.

Preset Costs

Preset costs are predetermined expenses that a company expects to incur in the carrying out of its operations.

Product

A good or service that is created through a process and is available for sale to consumers.

Service

The act of providing assistance or benefits to customers or clients without the sale of tangible goods.