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Assume that Canadian economy is going through a phase of prosperity with high inflation rate and high consumer confidence. Bank of Canada (BOC) should intervene
Assume that Canadian economy is going through a phase of prosperity with high inflation rate and high consumer confidence. Bank of Canada (BOC) should intervene in the market to manipulate the exchange rate to control the economy. Based on given information, in 4 -6 complete meaningful sentences provide your recommendations on how BOC can directly and indirectly intervene in the market to change the exchange rate. Your answer should include direct and indirect intervention both.
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