The Bank of Canada Determines the "Bank Rate" by Setting

Multiple Choice

The Bank of Canada determines the "bank rate" by setting it equal to the upper end of a 50 basis-point-range that the

A) Government of Canada pays for short term loans to meet interest payments on the public debt.
B) Bank of Canada announces as a target range for the overnight interest rate.
C) Bank of Canada announces as a target range for the exchange rate between the Canadian Dollar and the US Dollar.
D) Bank of Canada announces as the target range for the five-year mortgage rate.
E) Bank of Canada announces as its target for the core rate of inflation.