The Bank of Canada determines the "bank rate" by setting it equal to the upper end of a 50 basis-point-range that the
A) Government of Canada pays for short term loans to meet interest payments on the public debt.
B) Bank of Canada announces as a target range for the overnight interest rate.
C) Bank of Canada announces as a target range for the exchange rate between the Canadian Dollar and the US Dollar.
D) Bank of Canada announces as the target range for the five-year mortgage rate.
E) Bank of Canada announces as its target for the core rate of inflation.
Correct Answer:
Verified
Q4: The Bank of Canada chooses to influence
Q14: Any central bank,including the Bank of Canada,can
Q17: The diagrams below illustrate two alternative approaches
Q17: What is the "bank rate"?
A)The interest rate
Q18: The diagrams below illustrate two alternative approaches
Q20: Loans from the Bank of Canada are
A)made
Q23: The overnight interest rate is crucial to
Q24: How does the Bank of Canada communicate
Q26: Suppose the Bank of Canada raises its
Q29: Suppose the Bank of Canada lowers its
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