Which of the following lists ranks the Bank of Canada's monetary policy tools from most to least frequently used?
A)bank rate changes; open-market transactions; reserve requirement changes
B)bank rate changes; reserve requirement changes; open-market transactions
C)open-market transactions; bank rate changes; reserve requirement changes
D)open-market transactions; reserve requirement changes; bank rate changes

Question

Quizplus · Accepted Answer

Open-market transactions are the most frequently used tool, followed by bank rate changes, while reserve requirement changes are rarely used.

Which of the Following Lists Ranks the Bank of Canada's