The Bank of Canada is responsible for ________ policy and it uses ________ to achieve its objectives.

Question

Quizplus · Accepted Answer

The Bank of Canada is responsible for monetary policy which involves managing the money supply and controlling interest rates to achieve its objectives. Fiscal policy involves government spending, taxing, and borrowing, which is the responsibility of the federal government. Structural policies involve legal and regulatory frameworks and are not the responsibility of the Bank of Canada. Therefore, the best choice is C, monetary policy and interest rates.

The Bank of Canada Is Responsible for ________ Policy and It