The Prime Rate Is

question 195

Multiple Choice

The prime rate is:

• A)the interest rate charged by the chartered banks in Canada for lending to their best corporate customers.
• B)the interest rate charged by the chartered banks in Canada for lending to other financial intermediaries.
• C)the interest rate charged by the chartered banks in Canada for lending to the Federal government.
• D)the interest rate charged by the chartered banks in Canada for lending to the trust companies.

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Definitions:

Right to Vote

The entitlement of citizens to participate in their government's electoral process by choosing officials or making decisions in referendums.

Past Discrimination

Refers to historical injustices and unequal treatment based on race, gender, religion, or other characteristics, often requiring remedies or affirmative actions.

Affirmative Action

Policies that support measures to increase opportunities for underrepresented groups in areas such as employment, education, and business, often to correct historical injustices.

De Facto Segregation

Racial segregation that occurs in schools, workplaces, and residential areas, not as a result of laws, but as a result of patterns of inequality in society.