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What Is the Main Purpose of the Overnight Money Market

Question 108

Multiple Choice

What is the main purpose of the overnight money market?  


A)  for banks to make loans to the Bank of Canada 
B)  for banks to make short-term loans to other banks 
C)  for banks to make long-term loans to other banks 
D)  for the Bank of Canada to make short-term loans to chartered banks

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