The Bank of Canada's Formal Policy Target Is ________

question 64

Multiple Choice

The Bank of Canada's formal policy target is ________.It's current target is to keep the annual inflation rate close to ________%.

• A)core inflation; 1
• B)core inflation; 0
• C)the money supply; 2
• D)CPI inflation; 2
• E)the money supply; 1

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Definitions:

Payday Loan

A type of short-term borrowing where an individual borrows a small amount at a high rate of interest, typically due on their next paycheck.

Profitable Stores

Retail outlets that generate more revenue than the expenses incurred in their operation.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee for their work, including salaries, bonuses, benefits, and any other form of payment.

Pricing Aggressively

A strategy where a business sets lower prices with the aim of gaining market share or driving competitors out of the market.