Which organization plays the role of a central bank in Canada?
A) TD Canada Trust
B) the Canadian Imperial Bank of Commerce
C) the Bank of Canada
D) the Royal Bank of Canada

Question

Quizplus · Accepted Answer

The Bank of Canada is the central bank of Canada and is responsible for monetary policy, issuing currency, and maintaining the stability and efficiency of the financial system. TD Canada Trust, the Canadian Imperial Bank of Commerce, and the Royal Bank of Canada are all commercial banks.

Which Organization Plays the Role of a Central Bank in Canada