Suppose the Bank of Canada Announces Its Target for the Overnight

question 13

Multiple Choice

Suppose the Bank of Canada announces its target for the overnight interest rate at 2.75%.What is the Bank's target range for the overnight interest rate?

• A)1.75 - 3.75%
• B)2.25 - 3.25%
• C)2.5 - 3.00%
• D)2.7 - 2.8%
• E)2.74 - 2.76%

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Definitions:

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