Which of the Following Is Not a Major Function of the Bank

question 136

Multiple Choice

Which of the following is not a major function of the Bank of Canada?

• A)acting as lender of last resort
• B)clearing cheques between banks
• C)setting income tax rates
• D)controlling the money supply
• E)managing the funds of the federal government

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Definitions:

Formal Operational

The formal operational stage is the fourth and final stage of Jean Piaget's theory of cognitive development, characterized by the ability to think abstractly and systematically solve problems.

Assimilation

The process by which individuals or groups of differing ethnic heritage are absorbed into the dominant culture of a society.

Piaget

A Swiss psychologist who pioneered the study of cognitive development in children, proposing stages through which they progress as they grow.

Old Ideas

Concepts or beliefs that have been held for a long time, possibly outdated or overshadowed by more recent developments.