Question 26 (1 point)

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Which of the following is an objective of fiscal policy?

Question 26 options:

a)	discovering a cure for Alzheimer's

b)	health care coverage for all Americans

c)	energy independence from Middle East oil

d)	high rates of economic growth

Question 27 (1 point)

What is the Bank of Canada?

Question 27 options:

a)	A state-owned central bank, whose basic goal is to provide income for the Government of Canada.

b)	A privately-owned central bank, whose basic function is to minimize the risk for commercial banks in order to make them reasonably secure and profitable.

c)	A privately-owned central bank, whose basic goal is to earn profits for its owners.

d)	A state-owned central bank, whose basic goal is to control the money supply and thereby help to promote general economic welfare.

Question 28 (1 point)

All of the following except one are functions of the Bank of Canada. Which is the exception?

Question 28 options:

a)	It is the sole issuer of currency.

b)	It ensures that the commercial banks remain profitable.

c)	It is the regulator of the money supply.

d)	It is auditor and inspector of the commercial banks.

Question 29 (1 point)

The most important function of the Bank of Canada is to regulate the money supply.

Question 29 options:

	a) True
	b) False

Question 30 (1 point)

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An increase in individual income taxes ________ disposable income, which ________ spending (consumption).

Question 30 options:

a)	increases; decreases

b)	decreases; decreases

c)	decreases; increases

d)	increases; increases

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