The Reason for the Bank of Canada to Have a Range

question 46

True/False

The reason for the Bank of Canada to have a range for its inflation targeting is that some of the components of the CPI, fluctuate a lot.

---

Definitions:

Consumer Credit Advertising

Marketing efforts aimed at promoting credit transactions to consumers, regulated to ensure fairness and transparency.

Baiting

involves luring someone by offering something enticing but not intending to deliver as promised, often used in deceptive marketing practices.

Truth in Lending Act

A federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs.

FTC Adjudicative Proceeding

A legal process by the Federal Trade Commission to resolve complaints against businesses violating consumer protection laws.