Efforts by the Bank of Canada to control the money supply and interest rates are known as:

Question

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Monetary policy refers to the actions taken by the central bank, such as the Bank of Canada, to manage the supply of money and credit in the economy, with the ultimate goal of achieving price stability and sustainable economic growth. This can include setting interest rates, adjusting reserve requirements for banks, and conducting open market operations. Fiscal policy involves decisions made by the government about spending, taxation, and borrowing, while incomes policy relates to measures aimed at controlling wage and price increases. Securities policy generally refers to regulations governing the buying and selling of securities, such as stocks and bonds.

Efforts by the Bank of Canada to Control the Money