In 2004, the Bank of Canada Reduced the Overnight Rate

Multiple Choice

In 2004, the Bank of Canada reduced the overnight rate to as low as:

A) 4 percent, in an effort to slow down the economy.
B) 2 percent, in an effort to slow down the growth of the economy.
C) 2 percent, in an effort to stimulate the economy.
D) 3 percent, in an effort to stimulate the economy.