Answer the following questions:

1. In the mid-1970s and early 1980s, why was the bank not able to meet its target inflation rate of 2%?
2. What is the "too big to fail" issue?
3. Why do you think Canada has been able to weather the economic storms better than the United States?
4. Why was the Financial Stability Board established? Was it really necessary?
5. Does Mark Carney address those arguments that would refute the use of interest rate targeting as an effective monetary policy?