The interest rate paid deposit accounts by Canadian DTIs must directly reflect the rates earned on investments in commercial paper, bankers acceptances, repurchase agreement, and T-bills.

Question

Quizplus · Accepted Answer

While the interest rate paid on deposit accounts by Canadian DTIs may be influenced by rates earned on investments in commercial paper, bankers acceptance, repurchase agreement, and T-bills, there is no requirement for the rates to be directly reflected. Other factors, such as competition and market conditions, may also play a role in determining deposit account interest rates.

The Interest Rate Paid Deposit Accounts by Canadian DTIs Must