The Bank of Canada's Formal Policy Target Is ________

question 64

Multiple Choice

The Bank of Canada's formal policy target is ________.It's current target is to keep the annual inflation rate close to ________%.

• A)core inflation; 1
• B)core inflation; 0
• C)the money supply; 2
• D)CPI inflation; 2
• E)the money supply; 1

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Definitions:

Maker

In financial terms, the party that creates or issues a promissory note or draft, committing to pay the specified amount.

Bank Statement

A record issued by a bank detailing all transactions in a depositor's account over a given period.

Depositor's Account

An account maintained by a bank or financial institution for the depositor, recording the amount of money deposited.

Account Balance

The amount of money in a financial repository at any given moment, which can include bank accounts or credit accounts.