Which best describes the prime rate of interest?
A) The lending rate banks charge their most creditworthy clients
B) The yield on 91-day treasury bills
C) The yield on 30-year government bonds
D) The lending rate the Bank of Canada charges financial institutions.
E) The base rate for all mortgages
Correct Answer:
Verified
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Q57: A $100 savings account that earns $5
Q58: A saver will usually earn the highest
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Q60: The "prime" rate is _.
A)The lending rate
Q61: Which of the flowing is not a
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