Which of the Following Actions by the Bank of Canada

question 67

Multiple Choice

Which of the following actions by the Bank of Canada will cause the money supply to contract?

• A)It purchases equities in major Canadian corporations.
• B)It sells government securities.
• C)It borrows from the government.
• D)It gathers up worn and ripped currency.

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Definitions:

Cash Receipts

Money received by a business from transactions, including sales, loan proceeds, or other cash inflows.

Control Measures

Actions, mechanisms or policies implemented to regulate processes and diminish risks.

Sarbanes-Oxley Act

A United States federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Internal Controls

Procedures and policies implemented by a company to safeguard its assets, ensure accurate and reliable financial reporting, and promote compliance with laws and regulations.