During the 1990s the main tool used by the Bank of Canada to manage the short-term cash position of the commercial banks was:

Question

Quizplus · Accepted Answer

During the 1990s, the Bank of Canada primarily used government deposit switching to manage the short-term cash positions of commercial banks. This involved shifting government deposits between the Bank of Canada and the commercial banks to influence the amount of reserves in the banking system.

During the 1990s the Main Tool Used by the Bank