Class Notes (839,092)
Canada (511,185)
Economics (1,617)
ECON 1BB3 (535)
Lecture 18

Lecture 18.docx

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Hannah Holmes

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Lecture 18 Bank of Canada • The Bank of Canada has four main areas of responsibility: a) Monetary Policy – controls the money supply b) Currency – designs, produces, and issues currency c) Financial System – facilitates cheque – clearing and acts as a “lender of last resort d) Funds Management – acts as a banker for the Canadian government Bank of Canada’s tools of monetary control • The Bank of Canada
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