When it was established in 1935,the Bank of Canada was given the authority to lend money to large corporations at the prime rate.

Name: When it was established in 1935,the Bank of Canada was given the authority to lend money to large corporations at the prime rate.
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

The Bank of Canada was established in 1935 primarily to regulate credit and currency in the best interests of the economic life of the nation, not to lend money directly to corporations.

When It Was Established in 1935,the Bank of Canada Was