In the Monetary Small Open-Economy Model with a Fixed Exchange

Multiple Choice

In the monetary small open-economy model with a fixed exchange rate, the supply of money

A) can be determined by the Bank of Canada within specific ranges.
B) can be determined in conjunction with controlling the price level.
C) cannot be determined independently by the central bank.
D) can be determined by the financial markets.
E) can be determined by the demand for money.