The interest rate that the Bank of Canada charges commercial banks for overnight loans is called the
A) prime business rate.
B) overnight rate target.
C) bank rate.
D) market rate.
E) equilibrium ratE.
Correct Answer:
Verified
Q21: The prime business rate refers to
A) the
Q22: When the Bank of Canada wants to
Q23: The interest rate that commercial banks charge
Q24: When the Bank of Canada wants to
Q25: The interest rate that the Bank of
Q27: The Bank of Canada's official interest rate
Q28: Under its current operating procedure,the Bank of
Q29: If overnight funds in the overnight loans
Q30: The overnight rate refers to
A) the interest
Q31: The bank rate refers to
A) the interest
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents