Who in Canada is responsible for the conduct of monetary policy?

Question

Accepted Answer

The Bank of Canada Act places responsibility for the conduct of monetary policy on the Bank's Governing Council.

Answer

Both B and D.

Answer

The Canadian Government administers monetary policy through the office of the Minister of Finance.

Answer

The Prime Minister bears ultimate responsibility for monetary policy.

Answer

The Bank of Canada administers monetary policy as directed by the Minister of Finance.

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