The Functions of the Bank of Canada Include

question 118

Multiple Choice

The functions of the Bank of Canada include

• A)acting as the lender of last resort for the largest private corporations.
• B)acting as banker for the commercial banks.
• C)regulating both the money market and stock market.
• D)setting the exchange rate for the Canadian dollar on world markets.
• E)providing deposit insurance at Canadian commercial banks.

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Definitions:

Need For Power

is a psychological term denoting the drive to influence or control others.

Tailored Suits

Custom-fitted suits made to the specific measurements and preferences of the individual.

Need For Uniqueness

The drive or desire within individuals to distinguish themselves from others by acquiring or possessing unique characteristics, behaviors, or products.

Psychogenic Needs

Psychological desires or necessities that motivate individuals to act in certain ways, including need for recognition, esteem, and belonging.