Classify the actions described as examples of expansionary monetary policy (intended to stimulate the economy), contractionary monetary policy (meant to slow down the economy), or not an example of monetarypolicy.

-The Bank of Canada selling bonds on the open market is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy

-Legislation that extends the duration of unemployment benefits for people that are out work is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy

-The Bank of Canada purchasing bonds on the open market is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy

-A decrease in the bank rate is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy

-American Express choosing to lower the interest rate on outstanding credit card balances is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy

-An increase in the bank rate is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy

-A tax cut intended to encourage additional spending is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy

-A central bank reducing the rate of interest that it charges to commercial banks on loans is

a)- Not an example of monetary policy

b)- Contractionary monetary policy

c)-Expansionary monetary policy