How Does the Bank of Canada Communicate Its Target for the Overnight

question 62

Multiple Choice

How does the Bank of Canada communicate its target for the overnight interest rate to the public?

• A)monthly announcements at fixed announcement dates (FADs)
• B)in its quarterly publication,"Monetary Policy Report"
• C)announcements made 8 times per year at pre-specified fixed announcement dates (FADs)
• D)The target is communicated to the minister of finance for approval and then released to the public on a quarterly basis.
• E)The target is communicated to the Prime Minister for approval and then released to the public at 8 pre-specified fixed announcement dates (FADs).

---

Definitions:

Parapodia

Parapodia are paired, lateral extensions on each segment of some annelids, such as polychaetes, used for locomotion and sometimes respiration.

Bivalve

Type of mollusc with a shell composed of two valves; includes clams, oysters, and scallops.

Oyster

A type of bivalve mollusk found in marine or brackish waters, often cultivated for food or pearls.

Slug

A terrestrial mollusk with a soft, unsegmented body, typically lacking a visible shell.