Which of the following is (are) correct statement(s) To increase reserves in the banking system on temporary basis, the Bank of Canada engages in a repurchase agreement (Repos or SPRAs) The upper limit of the operating band is called Bank rate The Bank of Canada uses SPRAs to lower the overnight rate and SRAs to raise the overnight rate. all of the above Only a and b above The monetary policy tools used by the Bank of Canada include are open market operations Shifting of government deposits to Chartered banks Changing the reserve requirements all of the above Only a and c above The Monetary Base of the Bank of Canada includes government securities and discount loans currency in circulation and reserves of the chartered banks government securities and reserves currency in circulation and discount loans
Which of the following is (are) correct statement(s)
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To increase reserves in the banking system on temporary basis, the Bank of Canada engages in a repurchase agreement (Repos or SPRAs) |
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The upper limit of the operating band is called Bank rate |
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The Bank of Canada uses SPRAs to lower the overnight rate and SRAs to raise the overnight rate. |
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all of the above |
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Only a and b above |
The
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are open market operations |
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Shifting of government deposits to Chartered banks |
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Changing the reserve requirements |
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all of the above |
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Only a and c above |
The Monetary Base of the Bank of Canada includes
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government securities and discount loans |
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currency in circulation and reserves of the chartered banks |
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government securities and reserves |
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currency in circulation and discount loans |
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