Fill in the blanks to make the following statements correct.

a. The interest rate that commercial banks charge each other for overnight loans is called the _____________

b. The bank rate is __________ points above the target overnight interest rate. At this interest rate, the Bank stands ready to ___________ to commercial banks. At a rate _________ points below the target, the Bank stands ready to __________ from commercial banks (and pay that rate as interest).

c. The Bank of Canada can change the amount of currency in circulation through ________. The Bank conducts these transactions to accommodate the changing demand for_______ by the commercial banks.

d. An expansionary monetary policy is one where the Bank of Canada ________ its target for the overnight interest rate. A contractionary monetary policy is one in which the Bank _______ its target for the overnight interest rate.

e. If the Bank of Canada wants to stimulate aggregate demand it can implement a(n) _________ monetary policy by ___________ its target for the overnight interest rate. If the Bank wants to dampen aggregate demand it can implement \(a(n) \_\) _________monetary policy by _______ its target for the overnight interest rate.