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    Foundations of Financial Management Study Set 1
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    Exam 8: Sources of Short-Term Financing
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    The Prime Rate
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The Prime Rate

Question 84

Question 84

Multiple Choice

The prime rate:


A) is the rate that banks are charged by the Bank of Canada.
B) was over 30% in the early 1980s.
C) is fixed over a long period of time.
D) is affected by economic and political factors.

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