The Lower Limit of the Operating Band for the Overnight

question 3

Multiple Choice

The lower limit of the operating band for the overnight interest rate defines ________.

• A) the bank rate
• B) the prime rate
• C) the rate the Bank of Canada pays LVTS participants with positive settlement balances at the end of the banking day
• D) the rate the Bank of Canada charges LVTS participants with negative settlement balances at the end of the banking day

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Definitions:

Piaget

Refers to Jean Piaget, a Swiss developmental psychologist and philosopher known for his epistemological studies with children and his theory of cognitive development.

Symbolic Play

Play in which children make believe that objects and toys are other than what they are. Also termed pretend play.

Constructive Play

A form of play involving the manipulation of objects to create or construct something, promoting learning and development.

Preschooler

A child typically between the ages of 3 and 5 years who is attending or preparing to attend preschool.