The interest rates offered in the Euromarket on the Canadian dollar are greatly affected by the prime rate inside Canada.

Question

Quizplus · Accepted Answer

The prime rate inside Canada is a key factor in determining the interest rates offered in the Euromarket on the Canadian dollar. If the prime rate in Canada is high, then the interest rates offered in the Euromarket on the Canadian dollar are likely to be high as well, and vice versa.

The Interest Rates Offered in the Euromarket on the Canadian