Under Its Current Operating Procedure,the Bank of Canada Implements Monetary

Multiple Choice

Under its current operating procedure,the Bank of Canada implements monetary policy by announcing a target for the ________,and then intervenes (if necessary) in the _______ in order to maintain this rate within a _______ percentage-point operating band above and below this target.

A) overnight rate;overnight loan market;
0.50
B) prime business rate;money markets;
0.25
C) overnight rate;money markets;
0.25
D) overnight rate;overnight loan market;
0.25
E) overnight rate;money markets;0.50