If the Bank of Canada wished to increase economic activity,it would be likely to:

Question

Quizplus · Accepted Answer

If the Bank of Canada wished to increase economic activity, it would likely decrease the overnight rate. This would make it cheaper for banks to borrow money from the central bank, which in turn would lead to lower interest rates for consumers and businesses. Lower interest rates would encourage borrowing and spending, increasing economic activity.

If the Bank of Canada Wished to Increase Economic Activity,it