Multiple Choice
The Bank of Canada is the lender of last resort.This means banks may borrow money from the Bank of Canada
A) overnight.
B) whenever they are short of reserves.
C) to finance a sudden and dramatic increase in overseas reserves.
D) if they have sufficient securities to support the loan.
E) if the banking system as a whole is short of reserves.
Correct Answer:
Verified
Correct Answer:
Verified
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