What Is the "Bank Rate

question 34

Multiple Choice

What is the "bank rate"?

• A)The interest rate at which the Bank of Canada will lend funds to the Canadian government.
• B)The interest rate at which the Bank of Canada will lend funds to commercial banks.
• C)The interest rate that commercial banks charge their best customers.
• D)The interest rate that the Bank of Canada pays on deposits from the commercial banks.
• E)It is the same as a margin requirement.

---

Definitions:

Unlikely Viewer

A person who is not expected to watch or engage with a particular program or content based on their known preferences or demographics.

Probability

The measure of the chance that a certain event will occur, expressed as a number between 0 and 1.

Face Card

A playing card that depicts a person with royal or social significance, including kings, queens, and jacks in a standard deck of cards.

Standard Deck

A deck of 52 playing cards, consisting of four suits: hearts, diamonds, clubs, and spades, each suit containing 13 cards from Ace to King.