What is the most important function of the Bank of Canada?

Question

Quizplus · Accepted Answer

The most important function of the Bank of Canada is to regulate the supply of money in the economy. It does this through its monetary policy, which involves setting interest rates and adjusting the money supply to achieve the government's inflation target. This function is crucial for maintaining economic stability and promoting growth. While the Bank of Canada does work closely with the government on fiscal policy, such as advising on tax and spending decisions, it does not have the authority to directly control them.

What Is the Most Important Function of the Bank of Canada