CanadaHistory 62 · Canada’s history
During the Great Depression, which institution was created in 1934 to control the amount of money in the country and make banking more stable?
- aThe Bank of CanadaCorrect answer
- bThe Royal Canadian Mint
- cStatistics Canada
- dThe Toronto Stock Exchange
Why?
The Great Depression of the 1930s left many Canadians without work or savings. In 1934 the Bank of Canada was set up as the country's central bank to steady money and banking.
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