In Canada,monetary policy is determined by
A)the Bank of Canada.
B)the prime minister.
C)private citizens.
D)the Department of Finance.

Question

Quizplus · Accepted Answer

The Bank of Canada is responsible for conducting monetary policy in Canada. It sets interest rates and determines the appropriate level of the money supply to achieve the Bank's inflation target of 2%. The prime minister, private citizens, and the Department of Finance do not have formal authority over monetary policy.

In Canada,monetary Policy Is Determined by