An important day- to- day function of the Bank of Canada is to: HYPERLINK ""

Question

Quizplus · Accepted Answer

The Bank of Canada's main function is to set monetary policy, which involves making decisions about interest rates and the supply of money in the economy to promote price stability, encourage economic growth, and ensure financial system stability. The other answer choices are incorrect because the Bank of Canada does not issue bonds on behalf of corporations, control fully Canadian chartered banks, or design new currency for Canada.

An Important Day- To- Day Function of the Bank of Canada