A potential policy instrument for the Bank of Canada is ________.

Name: A potential policy instrument for the Bank of Canada is ________.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

All of the options listed are tools or aspects of monetary policy that the Bank of Canada can use to influence the economy. The monetary base, borrowed reserves, the overnight funds rate, and the nonborrowed monetary base are all components or rates that central banks, including the Bank of Canada, manipulate to achieve their monetary policy objectives.

A Potential Policy Instrument for the Bank of Canada Is