Which of the Following Statements Best Describes the Bank of Canada

Multiple Choice

Which of the following statements best describes the Bank of Canada? It is:

A) a publicly owned and publicly controlled central bank, whose basic goal is to provide income for the Government of Canada.
B) a privately owned and publicly controlled central bank, whose basic goal is to earn profits for its owners.
C) a publicly owned and publicly controlled central bank, whose basic goal is to control the money supply and interest rates and maintain price stability and it is an independent agency of government.
D) a privately owned and publicly controlled central bank, whose basic function is to minimize the risks in chartered banking in order to make it a reasonably profitable industry.