Which of the following is true about the Bank of Canada?

Question

Quizplus · Accepted Answer

The Bank of Canada may seem like a government entity, but it is actually an independent institution that operates under the Bank of Canada Act. It is responsible for setting monetary policy and managing the country's money supply, but it does not take direction from the government or Parliament. The governor of the Bank of Canada is appointed by the independent Board of Directors, not by Parliament.

Which of the Following Is True About the Bank of Canada