The Bank of Canada's official interest rate policy instrument is the _______. This is the interest rate that prevails in the _______, and the rate at which commercial banks lend and borrow _______ funds from each other.
A) overnight rate target; overnight loans market; overnight
B) prime rate; money markets; short term
C) overnight rate target; money markets; long term
D) prime rate; overnight loans market; long term
Correct Answer:
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