Multiple Choice
The Bank of Canada's official interest rate is the _______.This is the interest rate that prevails in the _______,and the rate at which commercial banks lend and borrow _______ funds from each other.
A) overnight rate target;overnight loans market;overnight
B) prime business rate;money markets;short term
C) overnight rate target;money markets;long term
D) prime business rate;overnight loans market;long term
E) bank rate;money markets;overnight
Correct Answer:
Verified
Correct Answer:
Verified
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