If the operating target of the Bank of Canada is 4 percent then the bank rate is ________.
A) 4.25 percent
B) 4.50 percent
C) 3.5 percent
D) 4 percent

Name: If the operating target of the Bank of Canada is 4 percent then the bank rate is ________. A) 4.25 percent B) 4.50 percent C) 3.5 percent D) 4 percent
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Question

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The Bank of Canada typically sets the bank rate a quarter of a percentage point above its operating target, so if the target is 4 percent, the bank rate would be 4.25 percent.

If the Operating Target of the Bank of Canada Is