Multiple Choice
What is the "bank rate"?
A) The interest rate at which the Bank of Canada will lend funds to the Canadian government.
B) The interest rate at which the Bank of Canada will lend funds to commercial banks.
C) The interest rate that commercial banks charge their best customers.
D) The interest rate that the Bank of Canada pays on deposits from the commercial banks.
E) It is the same as a margin requirement.
Correct Answer:
Verified
Correct Answer:
Verified
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