The Bank of Canada reports to:

a) A group of major investment dealers

b) The Minister of Finance

c) The Treasury Board

d) The Bank of Canada If the banks tighten their loan policies, it has the following effect:

a) Money supply increase

b) Fiscal policy

c) no change

d) Money supply decrease

Fiscal policy is the use of the government's spending and taxation powers to pursue

economic goals as full employment and sustained long-term growth?

a) True

b) False

Which of the following statements best describes the Bank Rate?

a) It refers to the transfer of deposits to the Bank from the chartered banks

b) it is a transfer of funds from the Bank to the chartered hanks

c) Is the minimum rate at which the Bank of Canada will lend money on a short-term

basis to the chartered banks

d) None of the above