In 1994,Gordon Thiessen Was Appointed as the New Governor of the Bank

question 93

Multiple Choice

In 1994,Gordon Thiessen was appointed as the new governor of the Bank of Canada.Governor Thiessen proceeded to

• A)abandon the tough and unpopular contractionary monetary policy of his predecessor in favour of a policy designed to depreciate the Canadian dollar.
• B)abandon the tough and unpopular contractionary monetary policy of his predecessor in favour of a low-interest-rate policy.
• C)increase the overnight lending rate in order to stabilize the Canadian-U.S.exchange rate.
• D)continue the tough and unpopular contractionary monetary policy of his predecessor.
• E)continue the popular low overnight lending policy of his predecessor.

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Definitions:

Facility Location Decisions

The process of determining the most suitable locations for production or service facilities based on factors such as cost, access to markets, and logistics.

Tariffs

Taxes or duties imposed on imported or, less commonly, exported goods to control trade flows or raise government revenue.

Tax Incentives

Financial benefits offered by governments to encourage certain activities or investments, such as reducing taxes for eco-friendly practices.

Total Cost

The aggregate expenditure involved in creating a product or service, including all variable and fixed costs.