The Interest Rate at Which the Bank of Canada Lends

question 235

Multiple Choice

The interest rate at which the Bank of Canada lends to chartered banks is called:

• A)the prime rate.
• B)the short-term rate.
• C)the bank rate.
• D)the government bonds rate.

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Definitions:

Spans of Control

The number of subordinates directly managed by a supervisor, impacting the supervisor's workload and management efficiency.

Supervision

The act of overseeing or directing work and workers.

Promotion Opportunities

The availability and visibility of pathways for career advancement within an organization, often acting as a motivator for employee performance.

Centralization

The concentration of decision-making authority at the top levels of an organizational hierarchy.