Which of the following methods does the Bank of Canada NOT use to control the money supply and the economy?

Name: Which of the following methods does the Bank of Canada NOT use to control the money supply and the economy?
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Question

Quizplus · Accepted Answer

The Bank of Canada does not lend money directly to private businesses to control the money supply and the economy. Instead, it uses tools such as buying or selling government securities and adjusting reserve requirements for banks to influence the money supply and interest rates.

Which of the Following Methods Does the Bank of Canada