The Bank of Canada increases the growth of the money supply when it implements which of the following?

Question

Quizplus · Accepted Answer

The Bank of Canada increases the growth of the money supply through expansionary policy, which involves making more money available to banks and lowering interest rates to encourage borrowing and spending. Fiscal reengineering, retrenchment strategy, and policy of fiscal augmentation do not refer to specific monetary policy actions taken by the Bank of Canada.

The Bank of Canada Increases the Growth of the Money