The Long- Run Target Currently Used by the Bank of Canada

question 81

Multiple Choice

The long- run target currently used by the Bank of Canada is to set

• A)a long- run target range for the Canadian- U.S. exchange rate.
• B)a long- run target range for the inflation rate.
• C)a long- run target range for the overnight lending rate.
• D)a long- run target range for the 5- year mortgage rate.
• E)M2 = real GDP/M1

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all living organisms.

Zygote

The initial cell formed when a sperm cell fertilizes an egg cell, which will then undergo cell division and grow into an embryo.

Chromosome

A molecule made of DNA and proteins carrying genetic information in the form of genes.

Prenatal Development

Prenatal Development involves the process of growth and development within the womb, from the formation of an embryo to the development of a fetusu until birth.