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Which of the following is true about the Bank of Canada?

Question 6 options:

a)	It is state-owned.

b)	It the sole issuer of the economy's currency.

c)	All of these.

d)	It is the bankers' bank.

Question 7 (1 point)

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In Canada, who controls the supply of money?

Question 7 options:

a)	Canadian Chartered Banks.

b)	The Bank of Canada.

c)	The Department of Finance.

d)	The market.

Question 8 (1 point)

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How is the Bank of Canada able to affect the supply of money?

Question 8 options:

a)	By using fiscal policy effectively.

b)	By emphasizing importance of financial literacy for Canadian.

c)	By influencing the level of bank reserves.

d)	By controlling the number of banks allowed to carry on business.

Question 9 (1 point)

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Which of the following is one of the important routine functions of the Bank of Canada?

Question 9 options:

a)	To help commercial banks establish good financial arrangements with foreign banks.

b)	To advise commercial banks as to the most profitable ways of reinvesting profits.

c)	To supply the economy with currency.

d)	To help new commercial banks sell securities.

Question 10 (1 point)

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What is the Bank of Canada?

Question 10 options:

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

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

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

d)	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.

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