The Most Important Policy Tool Used by the Bank of Canada

question 52

Multiple Choice

The most important policy tool used by the Bank of Canada is

• A) the target inflation rate.
• B) the discount rate.
• C) the required reserve rate.
• D) the target for the overnight rate.

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Definitions:

Traits

Characteristic features or qualities distinguishing a person or thing, often inherited in the context of genetics.

Fixations

In psychoanalytic theory, a persistent focus of the id’s pleasure-seeking energies at an earlier stage of psychosexual development.

Creative Selves

The aspects of an individual's personality that involve creativity, imagination, and the ability to generate new ideas.

Objective Tests

Tests whose items must be answered in a specified, limited manner; tests whose items have concrete answers that are considered correct.