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

question 42

Multiple Choice

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

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

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