If the Bank of Canada pays on deposits to LVTS participants an interest rate of 3.5 percent then the operating target of the Bank's monetary policy is ________ and the bank rate is ________.
A) 3.75 percent; 4 percent
B) 4 percent; 4.25 percent
C) 3.25 percent; 3.5 percent
D) 3 percent; 3.25
Correct Answer:
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Q26: If LVTS participating financial institutions have insufficient
Q27: The operating band for the overnight interest
Q28: If the operating target of the Bank
Q29: If the Bank of Canada pays on
Q30: If the operating band for the overnight
Q32: If the Bank of Canada pays on
Q33: The lower limit of the operating band
Q34: Standing facilities _.
A) refers to participant borrowing
Q35: If the operating target of the Bank
Q36: The Bank of Canada's operating band is
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