The Overnight Lending Rate Is

question 205

Multiple Choice

The overnight lending rate is:

• A)higher than the prime interest rate.
• B)lower than the prime interest rate.
• C)always equal to the Bank of Canada rate.
• D)equal to the prime interest rate minus the Bank of Canada bank rate.

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Definitions:

LiAlH4

Lithium aluminium hydride, a powerful reducing agent widely used in organic chemistry for the reduction of various functional groups including esters, carboxylic acids, and aldehydes.

Secondary Alcohol

An alcohol containing a hydroxyl group (-OH) attached to a carbon atom that is itself attached to exactly two other carbon atoms.

Grignard Reagent

Organomagnesium compounds used in organic chemistry to form carbon-carbon bonds, represented by the formula RMgX.

Starting Material

The substances used at the beginning of a chemical synthesis which are transformed through chemical reactions to produce desired products.