In 2004, the Bank of Canada reduced the overnight rate to as low as:
A) 4 percent, in an effort to slow down the economy.
B) 2 percent, in an effort to slow down the growth of the economy.
C) 2 percent, in an effort to stimulate the economy.
D) 3 percent, in an effort to stimulate the economy.
Correct Answer:
Verified
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