Which of the following is the most important function of the Bank of Canada?
A)the collection or clearing of cheques among chartered banks
B)regulating the supply of money
C)acting as a fiscal agent for the federal government
D)holding the reserves of chartered banks

Question

Quizplus · Accepted Answer

Regulating the supply of money is the most important function of the Bank of Canada, as it has a significant impact on the overall economy. This includes setting interest rates and managing inflation. While the other functions are also important, they are secondary to its role in monetary policy.

Which of the Following Is the Most Important Function of the Bank