The group of macroeconomic players that chooses monetary policy is
A) the rest of the world.
B) government.
C) businesses.
D) consumers.
E) the Bank of Canada.

Question

Quizplus · Accepted Answer

The Bank of Canada is independent from government, businesses, and consumers, and is responsible for setting monetary policy in Canada. While the Bank of Canada consults with the government and other stakeholders, ultimately the decision rests with the bank's Governing Council. Therefore, the correct answer is E, the Bank of Canada.

The Group of Macroeconomic Players That Chooses Monetary Policy Is