Under the current "joint responsibility system," ________.

Question

Quizplus · Accepted Answer

Under the current "joint responsibility system," the Bank of Canada has considerable autonomy in the conduct of day-to-day monetary policy, but in the event of a serious policy conflict, the minister of finance can issue a directive that the Bank of Canada must follow. Therefore, option B is the best choice. Option A is incorrect as it states that the Bank of Canada does not have considerable autonomy, which is not true. Option C is incorrect as the government does have some responsibility for the policy being followed by the Bank of Canada. Option D is incorrect as the Bank of Canada does not have full responsibility as explained above.

Under the Current "Joint Responsibility System," ________