When it was established in 1935,the Bank of Canada was NOT granted the authority to:

Question

Quizplus · Accepted Answer

The Bank of Canada was not granted the authority to prepare the federal budget. Its main functions were to issue and manage the country's currency, regulate the money supply, and provide loans to chartered banks. It was also given the responsibility to advise the government on economic policies, but not to prepare the federal budget.

When It Was Established in 1935,the Bank of Canada Was