Which of the following is the most important function of the Bank of Canada?

Question

Quizplus · Accepted Answer

Regulating the supply of money is the most important function of the Bank of Canada as it helps to maintain the stability of the economy by managing inflation and promoting economic growth. The collection and clearing of cheques among commercial banks, holding reserves of commercial banks, and issuing new currency are important functions, but not as critical as regulating the money supply.

Which of the Following Is the Most Important Function of the Bank