The Overnight Lending Rate Is the Rate at Which

question 66

Multiple Choice

The overnight lending rate is the rate at which:

• A)The Bank of Canada borrows from investment dealers.
• B)The Bank of Canada borrows from the chartered banks.
• C)the chartered banks, investment dealers, and other financial market participants borrow and lend funds for one day.
• D)The Bank of Canada lends to the Department of Finance.

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Definitions:

Cataplexy

A sudden and transient episode of muscle weakness typically triggered by emotions, often associated with narcolepsy.

Narcolepsy

A chronic sleep disorder characterized by overwhelming daytime drowsiness and sudden attacks of sleep, often accompanied by sudden loss of muscle tone (cataplexy).

Hypnogogy

The transitional state of consciousness between wakefulness and sleep.

Apnea

A temporary cessation of breathing, especially during sleep, which can result in decreased oxygen levels in the blood.