Which of the following central banks pays interest on reserves?
A) Bank of Canada
B) Bank of England
C) ECB
D) all of the above

Question

Quizplus · Accepted Answer

All of the listed central banks (Bank of Canada, Bank of England, and the European Central Bank) pay interest on reserves held by commercial banks. This is a common monetary policy tool used to help manage the money supply and influence interest rates.

Which of the Following Central Banks Pays Interest on Reserves