Choose the Statement That Is Incorrect

question 47

Multiple Choice

Choose the statement that is incorrect.

• A)Since late 2000, the Bank has established eight fixed dates on which it announces its overnight loans rate target for the coming period of approximately six weeks.
• B)The Bank of Canada's choice of monetary policy instrument is the overnight loans rate.
• C)In recent years, the overnight loans rate has been at historically low levels.
• D)Although the Bank of Canada can change the overnight rate by any reasonable amount that it chooses, it normally changes the overnight rate by a single percentage point at a time.
• E)The Bank sometimes acts in an emergency between normal announcement dates.

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A sales tactic where the purchase of one product is conditional upon the purchase of another product.

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An underwater diving activity where the diver uses self-contained underwater breathing apparatus to explore underwater environments.

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