One of the Bank of Canada's Most Important Responsibilities Is

question 36

True/False

One of the Bank of Canada's most important responsibilities is to help facilitate the clearing of cheques.

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Definitions:

CPI

The Consumer Price Index is an indicator that assesses the average cost of a selected group of consumer items and services, including food, medical care, and transportation, by looking at their weighted average prices.

Consumer Price Index

A gauge that tracks the average variation over periods in the costs urban buyers incur for a defined set of consumer products and services.

Consumer Price Index

A gauge that tracks the average variation over time in the prices urban consumers pay for a collection of consumer goods and services.

Producer Price Index

An economic indicator representing the average change over time in the selling prices received by domestic producers for their output.