What is the term used when the Bank of Canada decreases the money supply to influence the economy?Multiple choice question.Contractionary monetary policyContractionary fiscal policyEconomic slowdown policyGovernment slowdown policy

Monetary policy designed to slow down economic activity is called _____ monetary policy.A.inflationaryB.contractionaryC.expansionaryD.deflationary

Which tool of monetary policy allows the Federal Reserve to decrease the money supply?A.Purchasing treasury securities on the open marketB.Decreasing the discount rate on short-term loansC.Increasing the reserve requirement on banksD.Lowering interest on reserves paid to banks

Which of the following would come from contractionary monetary policy?Multiple choice question.An decrease in the money supplyAn decrease in the interest ratesAn decrease in government spendingAn decrease in taxes

What type of policy refers to changes in the supply of money, the credit available and interest rates?Multiple choice question.Monetary policyStock exchange policyFiscal policyTreasury policy

What is the current goal of the Bank of Canada's monetary policy?Multiple choice question.To encourage consumption and investmentTo keep inflation low.To encourage government spending.To keep unemployment low