What Is a Role of the Minister of Finance with Respect

question 19

Multiple Choice

What is a role of the Minister of Finance with respect to the Bank of Canada or the banking system?

• A) to control all activities of the Bank of Canada
• B) to issue the governor of the Bank of Canada a written directive to resign
• C) to issue currency
• D) to maintain the stability of the banking system

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Definitions:

Certain Professions

Specific occupations that require specialized education, skills, or certifications, often regulated by professional bodies or laws.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

State Involved

Refers to the participation or intervention of governmental authorities in a particular matter or issue.

Regulation of Gambling

Laws and rules established to govern, control, and oversee gambling activities, ensuring fairness and preventing illegal activities.