Solved

The Bank of Canada Was Created

Question 70

Multiple Choice

The Bank of Canada was created


A) to prevent bad loans by requiring banks to hold reserves.
B) to stimulate the economy in increasing bank reserves.
C) due to a recommendation by a royal commission that was created to analyze the lessons from the Great Depression.
D) to prevent inflation by decreasing the money supply.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions