Multiple Choice
The prime rate is:
A) the interest rate charged by the chartered banks in Canada for lending to their best corporate customers.
B) the interest rate charged by the chartered banks in Canada for lending to other financial intermediaries.
C) the interest rate charged by the chartered banks in Canada for lending to the Federal government.
D) the interest rate charged by the chartered banks in Canada for lending to the trust companies.
Correct Answer:
Verified
Correct Answer:
Verified
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