The Volatility of Canadian Short-Term Interest Rates Increased After March

question 245

True/False

The volatility of Canadian short-term interest rates increased after March 1980 due to a change in the way the Bank of Canada manages interest rates.

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Definitions:

New Ventures

Freshly started business endeavors that aim to meet a marketplace need or to capitalize on an opportunity.

American Entrepreneur

An individual in the United States who initiates and manages a business venture, taking on financial risks in the hope of profit.

Entrepreneurial Faculties

The skills, abilities, and mindset required to successfully identify opportunities, create, and grow new business ventures, including creativity, leadership, and risk tolerance.

Rapid Explosion

A sudden and rapid increase or expansion in a particular area or field, often used to describe quick growth in technology, population, or information.