Which of the following statements is INCORRECT? The Bank of Canada acts as a lender of last resort to chartered banks. The top person at the Bank of Canada is referred to as the Governor. The Bank of Canada Act places responsibility for the conduct of monetary policy on the Bank's Governing Council. The Bank of Canada is governed under Canadian Bank Act.

Which of the following statements is INCORRECT? The Bank of Canada acts as a lender of last resort to chartered banks. The top person at the Bank of Canada is referred to as the Governor. The Bank of Canada Act places responsibility for the conduct of monetary policy on the Bank's Governing Council. The Bank of Canada is governed under Canadian Bank Act.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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