How is the overnight rate determined in the market for reserves in a floor system?
In a floor system, the Bank of Canada uses ________ to keep the overnight rate ________ of the operating band.

Question

How is the overnight rate determined in the market for reserves in a floor system? 
 In a floor system, the Bank of Canada uses ________ to keep the overnight rate ________ of the operating band.

Answer

quantitative tightening; at the top

Answer

quantitative easing; at the bottom

Answer

open market operations; at the centre

Answer

open market operations; inside

Answer

quantitative easing; at the centre

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How is the overnight rate determined in the market for reserves in a floor syste...

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