Which of the following statements is false?
A) The Bank of Canada operated with fixed exchange rate, where the Canadian dollar-price one US dollar was $1.075.
B) The Bank of Canada dropped the fixed exchange rate target in 1970.
C) In the 1970s and 1980s, the Bank of Canada maintained money supply targets based on M1B control targets.
D) In the 1990s, the Bank of Canada followed inflation targets.
Correct Answer:
Verified
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Q49: The Bank of Canada sets the:
A) overnight
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A) keeps investment
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