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Category: Public finance

The Bank of Canada

by
the Bank of Canada
Before the Bank of Canada was formed, each of the nation’s major banks and financial institutions introduced their own currency.  The money supply in the economy had very little regulation from the government and there was a feeling that the national banking system was in a stable equilibrium.  Need was felt for a mother lender
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  • Published in Macroeconomics, Public finance, Solutions
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