Since 1994, What Was Phased Out as a Tool Used

question 56

Multiple Choice

Since 1994, what was phased out as a tool used by the Bank of Canada to control the money supply?

• A) changing reserve requirements
• B) changing the overnight rate
• C) open-market operations
• D) foreign exchange market operations

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Definitions:

Average Variable Cost

The total variable cost divided by the total output, indicating the variable cost for producing one more unit of a good or service.

Economic Profit

A measure of profitability that accounts for the full opportunity costs of all resources employed, including both tangible and intangible costs.

Total Revenue

The total amount of money received by a firm from the sale of goods or services before any costs or expenses are subtracted.