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If you provide clear solution and explanation, I would be very grateful. Thanks in advance! a. Distinguish between Bank of Canada's overnight rate and the

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If you provide clear solution and explanation, I would be very grateful. Thanks in advance!

image text in transcribed
a. Distinguish between Bank of Canada's overnight rate and the US federal funds rate. How frequently these rates are announced? Answer in five bullet points. 5 marks b. Suppose the Bank of Canada decides to lower its policy interest rate. What are the expected impacts on (1) long term interest rate, (2) exchange rate, (3) consumption spending, (4) business investment and (5) net exports. Answer in five bullet points. 5 marks

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