If the Bank of Canada aims to lower the overnight rate, it will
A) lower the bank rate and settlement balances rate, as well as buy government securities.
B) lower the bank rate and increase the settlement balances rate, as well as buy government securities.
C) lower the bank rate and settlement balances rate, as well as sell government securities.
D) raise the bank rate and settlement balances rate, as well as buy government securities.
E) raise the bank rate and settlement balances rate, as well as sell government securities.
Correct Answer:
Verified
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