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1.The Bank of Canada has been applying quantitative easing by purchasing several billions of dollars of government of Canada bonds each week for several months

1.The Bank of Canada has been applying quantitative easing by purchasing several billions of dollars of government of Canada bonds each week for several months now. (10 Marks)

a.Suggest another tool of monetary policy which the Bank of Canada could use to aid in Canada's economy recovery from Covid-19.(2 Marks)

b.What would be the effects on the Canadian economy if this tool is used? (5 Marks)

c.Discuss any possible risks from the use of this tool. (3 Marks)

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