The Bank of Canada Can Use Three Instruments--Open-Market Operations, Tax

question 188

True/False

The Bank of Canada can use three instruments--Open-market operations, tax collection, and bank rate-to influence the chartered banks' reserves.

---

Definitions:

Federal Court

A court established by the federal government that has jurisdiction over disputes involving federal law, as well as certain disputes between states or between a state and citizens of another state.

Bona Fide Occupational Qualification

A legitimate requirement for a particular job that is necessary for the operation of the business or for the performance of a certain task.

Race or Color

Categories used to describe or classify humans based on physical traits or pigmentation.

Protected Classes

Groups of people legally shielded from discrimination, based on characteristics such as race, gender, age, and religion.