In Addition to Targeting the Overnight Interest Rate at the Mid-Point

question 66

Multiple Choice

In addition to targeting the overnight interest rate at the mid-point of the operating band, the Bank of Canada also targets ________.

• A) the prime rate
• B) the level of settlement balances
• C) the treasury bill rate
• D) the money multiplier

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Definitions:

Marine Mammal Protection Act

A 1972 U.S. law aimed at protecting marine mammals, prohibiting their harassment, hunting, capturing, or killing.

Rivers And Harbors Act

A United States federal law enacted in 1899, regulating the development and management of the nation's waterways to protect navigable waters and prevent obstructions.

Endangered Species Act

A U.S. law enacted in 1973 aimed at protecting species threatened with extinction.

Price Elasticity

The measure of how much the quantity demanded or supplied of a good changes in response to a change in its price.