Multiple Choice
The overnight interest rate is
A) the interest rate peer to peer lenders charge each other for overnight loans.
B) the interest rate banks charge their best customers.
C) the interest rate the Bank of Canada charges to banks for advances from the Bank of Canada.
D) the interest rate the Bank of Canada pays on Canada Savings Bonds.
E) the interest rate on credit card borrowing paid off before the balance is due.
Correct Answer:
Verified
Correct Answer:
Verified
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