A monetary policy target is a variable that
A)the Bank of Canada can affect directly.
B)equals one of the Bank of Canada's main policy goals.
C)the Bank of Canada has no ability to change.
D)the Bank of Canada cannot affect directly.
E)the Bank of Canada can influence only with the help of the federal government.

Question

Quizplus · Accepted Answer

A monetary policy target is a variable that the central bank, such as the Bank of Canada, can affect directly through its policy actions, such as adjusting interest rates or conducting open market operations.

A Monetary Policy Target Is a Variable That