All of the Following Statements Concerning the Bank of Canada

question 68

Multiple Choice

All of the following statements concerning the Bank of Canada are correct EXCEPT ______.

• A) the Bank of Canada is the nation's central bank
• B) the Bank of Canada acts as the banker's bank
• C) virtually all large commercial banks are Bank of Canada members
• D) credit unions and savings banks must belong to the Bank of Canada

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Definitions:

Farm Subsidies

Financial support provided by the government to farmers, intended to stabilize prices, ensure a sufficient food supply, and support farmers' incomes.

Price Support

Government interventions or policies that set a minimum price for a product, typically agricultural, to ensure farmers' incomes are protected against price fluctuations.

Parity Ratio

A measure used in agriculture to compare the relative values of a set of farm products over different years adjusted for inflation.

Prices Received

The amount of money received by producers or sellers in exchange for goods or services in the market.