The Bank of Canada uses the ________ as its operating instrument.
A) nominal interest rate
B) real interest rate
C) open market operations
D) federal funds rate

Question

Quizplus · Accepted Answer

The Bank of Canada uses the nominal interest rate as its operating instrument to implement its monetary policy. This involves setting the target for the overnight rate, which influences other interest rates and overall economic activity.

The Bank of Canada Uses the ________ as Its Operating