An important day- to- day function of the Bank of Canada is to:

Question

Quizplus · Accepted Answer

The Bank of Canada is responsible for setting monetary policy for Canada, which involves influencing interest rates, inflation, and the overall health of the economy. While the Bank of Canada does issue new currency, this is not its primary day-to-day function. The Bank also does not issue bonds on behalf of private corporations or control fully Canadian chartered banks.

An Important Day- To- Day Function of the Bank of Canada