Monetary policy in Canada is determined by
A) the Prime Minister of Canada.
B) the Finance Minister.
C) the Bank of Montreal.
D) the Bank of Canada.
E) the Royal Canadian Mint.

Question

Quizplus · Accepted Answer

Monetary policy in Canada is determined by the Bank of Canada, which is the country's central bank responsible for ensuring the stability of the financial system and controlling inflation. The Prime Minister and Finance Minister may have some influence over monetary policy through their appointments to the Bank's Governing Council, but the Bank of Canada remains the primary decision-maker. The Bank of Montreal and the Royal Canadian Mint are not involved in setting monetary policy.

Monetary Policy in Canada Is Determined by