Which factor would be classified as a tool of monetary policy used by the Bank of Canada?
I.tax rates
II.government purchases of goods and services

Name: Which factor would be classified as a tool of monetary policy used by the Bank of Canada? I.tax rates II.government purchases of goods and services
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Question

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Monetary policy tools used by the Bank of Canada include interest rates, open market operations, and reserve requirements, not tax rates or government purchases, which are fiscal policy tools.

Which Factor Would Be Classified as a Tool of Monetary