Which of the following agencies is responsible for regulating the money supply in Canada?
A)the Comptroller of the Currency
B)the Bank of Canada
C)the TD Bank
D)the Canadian Payments Association

Question

Quizplus · Accepted Answer

The Bank of Canada is responsible for regulating the money supply in Canada through its monetary policy operations, which involve buying and selling government securities in the open market to affect the supply of money and credit in the economy. The Comptroller of the Currency is a US agency that supervises banks and enforces banking laws, while TD Bank and the Canadian Payments Association are financial institutions in Canada that do not have direct responsibility for the money supply.

Which of the Following Agencies Is Responsible for Regulating the Money