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    The Future of Business
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    Exam 17: Understanding Money and the Canadian Financial System
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    Suppose Scotiabank Borrows Funds from the Bank of Canada
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Suppose Scotiabank Borrows Funds from the Bank of Canada

Question 111

Question 111

Multiple Choice

Suppose Scotiabank borrows funds from the Bank of Canada.What is the rate the Bank of Canada charges Scotiabank?


A) the going rate
B) the bank rate
C) the prime rate
D) the commercial bank rate

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