Multiple Choice
When the overnight rate exceeds the overnight rate target,settlement balances are in ________ and the Bank of Canada will ________ Government of Canada bonds and ________ them at a predetermined price the next business day.
A) deficit;buy;sell
B) deficit;sell;buy
C) surplus;buy;sell
D) surplus;sell;buy
E) equilibrium;buy;sell
Correct Answer:
Verified
Correct Answer:
Verified
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