What is one of the functions of the Bank of Canada?
A) to maximize profits on behalf of its shareholders
B) to issue currency
C) to convert currency into gold
D) to bail out the government

Question

Quizplus · Accepted Answer

One of the functions of the Bank of Canada is to issue and manage Canadian currency. The other options are not accurate, as the Bank of Canada is a public institution and does not have shareholders, does not convert currency into gold, and does not exist to bail out the government.

What Is One of the Functions of the Bank of Canada