Since 1992, which of the following has the Bank of Canada done?
A)It has announced that it was targeting the money supply growth of 2 percent.
B)It has announced a target rate of inflation of 2 percent.
C)It has announced an inflation target close to 4 percent.
D)It has announced its objective of maintaining a stable rate of economic growth of 2 percent.

Question

Quizplus · Accepted Answer

In 1992, the Bank of Canada announced a target rate of inflation of 2 percent. This target has remained in place since then, with adjustments made periodically. The other choices are incorrect because the Bank did not announce them as objectives or targets during this time period.

Since 1992, Which of the Following Has the Bank of Canada