When the Bank of Canada Act was passed in 1934, it was stated that the main responsibility is to conduct monetary policy to
A)prevent bank panics.
B)promote price stability.
C)promote the best interests of economic life of Canada.
D)keep employment high.
E)promote good governance in Canada.

Question

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The Bank of Canada Act of 1934 stated that the main responsibility of the Bank of Canada is to promote the best interests of the economic life of Canada.

When the Bank of Canada Act Was Passed in 1934