Under Its Current Operating Procedure,the Bank of Canada Implements Monetary

question 118

Multiple Choice

Under its current operating procedure,the Bank of Canada implements monetary policy by announcing a target for the ________,and then intervenes (if necessary) in the _______ in order to maintain this rate within a _______ percentage-point operating band above and below this target.

• A) overnight rate;overnight loan market; 0.50
• B) prime business rate;money markets; 0.25
• C) overnight rate;money markets; 0.25
• D) overnight rate;overnight loan market; 0.25
• E) overnight rate;money markets;0.50

---

Definitions:

Formal Writing Style

A style of writing that follows specific conventions and is used in professional, academic, or official contexts.

Controversial Subject

A topic that generates debate and disagreement among people due to differing opinions and values.

Internal Distribution

The process of sharing information, resources, or products within an organization rather than with the public or external entities.

Formal Tone

A style of communication that follows established conventions and is appropriate for professional or serious contexts.