Which of the Follow Is NOT a Reason for the Bank

question 48

Multiple Choice

Which of the follow is NOT a reason for the Bank of Canada to increase the bank rate?

• A) Promote stable economic growth.
• B) Indicate a tightening of monetary policy.
• C) Send a signal regarding the direction of future monetary policy.
• D) Stimulate economic activity
• E) Control inflation from increasing

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Definitions:

Partnerships

A lawful business structure involving two or more people who jointly manage and distribute earnings.

Proprietorships

A business structure owned by a single individual who is responsible for its liabilities and entitled to its profits.

Corporate Income Tax

A tax imposed on the net income or profit of corporations and other business entities.

Progressive

A tax system where the tax rate increases as the taxable amount increases, making it more burdensome for higher earners.