Suppose the Bank of Canada announces its target for the overnight interest rate at 2.75%.What is the Bank's target range for the overnight interest rate?
A) 1.75 - 3.75%
B) 2.25 - 3.25%
C) 2.5 - 3.00%
D) 2.7 - 2.8%
E) 2.74 - 2.76%
Correct Answer:
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