In Canada,who has responsibility for the control of the money supply?
A)the Bank of Canada
B)the House of Commons
C)the Department of Finance
D)the Prime Minister

Question

Quizplus · Accepted Answer

The Bank of Canada is the central bank of Canada and has the responsibility for the control of the money supply. It uses monetary policy tools such as adjusting the overnight interest rate and influencing the money supply to achieve the country's inflation target and maintain a stable economy. The House of Commons and the Prime Minister have a role in setting economic policies, but the implementation and control of the money supply fall under the Bank of Canada's jurisdiction. The Department of Finance provides advice to the government on economic matters but does not have direct control over the money supply.

In Canada,who Has Responsibility for the Control of the Money