Multiple Choice
How does the Bank of Canada communicate its target for the overnight interest rate to the public?
A) monthly announcements at fixed announcement dates (FADs)
B) in its quarterly publication,"Monetary Policy Report"
C) announcements made 8 times per year at pre-specified fixed announcement dates (FADs)
D) The target is communicated to the minister of finance for approval and then released to the public on a quarterly basis.
E) The target is communicated to the Prime Minister for approval and then released to the public at 8 pre-specified fixed announcement dates (FADs) .
Correct Answer:
Verified
Correct Answer:
Verified
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