Which of the following is an activity performed by the Bank of Canada as it carries out its monetary policy?

Question

Quizplus · Accepted Answer

Distributing currency is an activity performed by the Bank of Canada as it carries out its monetary policy. The Bank of Canada is responsible for issuing, safeguarding, and destroying bank notes and coins in the country. Insuring credit card balances, providing tax refunds, and loaning money to consumers are not activities performed by the Bank of Canada in carrying out its monetary policy.

Which of the Following Is an Activity Performed by the Bank