Which of the Following Is One of the Functions of the Bank

question 143

Multiple Choice

Which of the following is one of the functions of the Bank of Canada?

• A)to maximize profits on behalf of its shareholders
• B)to act as a lender of last resort
• C)to convert currency into gold
• D)to bail out troubled commercial banks

---

Definitions:

United States

A federal republic in North America comprising 50 states, known for its significant influence in global economic, political, and cultural matters.

Twenty Million

The numerical figure 20,000,000.

Paralegals

Trained legal assistants who work under the supervision of attorneys, performing tasks like legal research, document preparation, and client interviews.

Businessmen

Individuals engaged in commercial or industrial business activities, often with decision-making power and ownership stakes.