The interest rate that the Bank of Canada charges commercial banks for loans is called the
A) term interest rate.
B) prime rate.
C) overnight interest rate.
D) bank rate.
E) preferred lending rate.
Correct Answer:
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Q20: Loans from the Bank of Canada are
A)made
Q21: Suppose the Bank of Canada lowers its
Q22: Suppose the actual overnight interest rate is
Q23: When the Bank of Canada enters the
Q24: The Bank of Canada establishes a rate
Q26: Suppose the Bank of Canada raises its
Q27: Suppose the Bank of Canada announces its
Q28: The amount of currency in circulation in
Q29: Suppose the Bank of Canada lowers its
Q30: Suppose the Bank of Canada wishes to
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