The Bank of Canada can use three instruments--Open-market operations, tax collection, and bank rate-to influence the chartered banks' reserves.

Name: The Bank of Canada can use three instruments--Open-market operations, tax collection, and bank rate-to influence the chartered banks' reserves.
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The Bank of Canada primarily uses open-market operations, the bank rate, and reserve requirements to influence chartered banks' reserves, not tax collection.

The Bank of Canada Can Use Three Instruments--Open-Market Operations, Tax