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Assume that Canadian economy is going through a phase of prosperity with high inflationrate and high consumer confidence. Bank of Canada (BOC) should intervene in

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

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