For each of the following, indicate true or false or uncertain. Explain carefully. Define all the concepts in the sentences and you may provide examples to illustrate your answer.

a). Bank of Canada has complete control over the monetary base which leads to complete control of the deposit expansion process.

b). Monetary policy is more effective in a fixed exchange rate regime than in a flexible one.

c). For a 10-year coupon bond, the currency yield is greater than the coupon rate. This implies that the price is the same as the face value and the YTM is lower than the current yield.

d). Loans by the Bank to other banks are known as repos.

e). The over night interest rate is Bank of Canada's policy rate.