The interest rate that the Bank of Canada charges depository institutions when they borrow reserves directly from the Bank of Canada is the

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The interest rate that the Bank of Canada charges depository institutions when they borrow reserves directly from the Bank of Canada is known as the bank rate. The prime rate is the interest rate that commercial banks charge their most creditworthy customers, while the aggregate rate and expansionary rate are not related to the Bank of Canada's interest rate policies.

The Interest Rate That the Bank of Canada Charges Depository