All of the following are functions of the Bank of Canada except to:

Question

Quizplus · Accepted Answer

Insuring bank depositors' deposits against bank failure is not a function of the Bank of Canada. This function falls under the jurisdiction of the Canada Deposit Insurance Corporation (CDIC). The other functions listed (setting the bank rate, controlling and inspecting Canadian currency, and controlling inflation) are all within the mandate of the Bank of Canada.

All of the Following Are Functions of the Bank of Canada