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Which of the following is not an operating instrument?
A) Nonborrowed reserves
B) Monetary base
C) Overnight funds interest rate
D) Bank rate
Answer: D
Diff: 1 Type: MC Page Ref: 454
Skill: Recall
Objective List: 18.1 Assess the different types of monetary policy strategy
Which of the following is a potential operating instrument for the central bank?
A) The monetary base
B) The exchange rate
C) The inflation rate
D) The bank rate
Answer: A
Diff: 1 Type: MC Page Ref: 454
Skill: Recall
Objective List: 18.1 Assess the different types of monetary policy strategy
Which of the following is a potential operating instrument for the central bank?
A) Nonborrowed reserves
B) The overnight funds rate
C) The monetary base
D) Each of the above
Answer: D
Diff: 1 Type: MC Page Ref: 454
Skill: Recall
Objective List: 18.1 Assess the different types of monetary policy strategy
A potential policy instrument for the Bank of Canada is ____.
A) the monetary base
B) borrowed reserves
C) the overnight funds rate
D) the nonborrowed monetary base
E) All of the above
Answer: E
Diff: 1 Type: MC Page Ref: 454
Skill: Recall
Objective List: 18.1 Assess the different types of monetary policy strategy