Open-Market Operations Occur When the Bank of Canada

question 249

Multiple Choice

Open-market operations occur when the Bank of Canada:

• A) buys Canadian Treasury bills from the federal government.
• B) buys or sells foreign currency.
• C) buys or sells existing Canadian Treasury bills.
• D) sells Canadian Treasury bills to the federal government.

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Definitions:

Self-Propelled

Refers to machines or vehicles that are equipped with their own means of propulsion, allowing them to move without external assistance.

Horsepower Rating

A measure of the power output of an engine, equivalent to 746 watts, indicating the engine's capability to perform work.

Workmanship

The degree of skill with which a product is made or a job is done, reflecting quality and attention to detail.

Breakeven Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain for the business.