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Question
question 13 (1 point)
in its role as provider of central banking services, the bank of canada holds deposit accounts of the ________.
provincial governments
international organizations, such as the international monetary fund
directly clearing members of payments canada (formerly the canadian payments association)
b. and c. only.
The Bank of Canada, as the central bank, holds deposit accounts for directly clearing members of Payments Canada (for facilitating inter - bank transactions and payment clearing) and for international organizations like the International Monetary Fund (as part of its international financial operations). Provincial governments typically have their own fiscal arrangements and do not have deposit accounts with the Bank of Canada in this context.
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D. b. and c. only.