The Interest Rate That the Bank of Canada Charges Commercial

question 3

Multiple Choice

The interest rate that the Bank of Canada charges commercial banks for loans is called the

• A)term interest rate.
• B)prime rate.
• C)overnight interest rate.
• D)bank rate.
• E)preferred lending rate.

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Definitions:

Public Cloud

A cloud computing model where services are delivered over the internet and shared across multiple users, offering scalability and flexibility.

Windows Server

A series of Microsoft operating systems designed for use on a server, providing services like data storage, application hosting, and email serving to networked computers.

IaaS

Infrastructure as a Service, a cloud computing model that provides virtualized computing resources over the internet.

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