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10. The Bank of Canada's organization Members of the board of directors for the Bank of Canada are appointed by the Minister of Finance. The
10. The Bank of Canada's organization Members of the board of directors for the Bank of Canada are appointed by the Minister of Finance. The governor and senior deputy governor serve terms. Which of the following statements about the banking system in Canada is true? Banks in Canada practise fractional-reserve banking. The Bank of Canada uses reserve requirements to change the money supply. The Bank of Canada sets reserve requirements that banks must follow. One of the Bank of Canada's tools for changing the money supply is . In order to increase the number of dollars in the Canadian economy (the money supply), the Bank of Canada will Canadian government bonds
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