The Most Important Day-To-Day Monetary Instrument That the Bank of Canada

question 60

Multiple Choice

The most important day-to-day monetary instrument that the Bank of Canada uses to achieve the desired interest rate and therefore the price stability is:

• A)open-market operations.
• B)the bank rate.
• C)the government expenditure.
• D)the prime interest rate.

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Definitions:

Decomposers

Organisms, such as fungi and bacteria, that break down dead or decaying organisms, and in doing so carry out the natural process of decomposition.

Multicellular

Organisms composed of more than one cell, with cells differentiated to perform specialized functions, found in most life forms including plants, animals, and fungi.

Club Fungi

Fungi belonging to the division Basidiomycota, characterized by their reproductive structure shaped like a club.

Mushrooms

Fungi producing spore-bearing fruiting bodies that are often eaten as food.