The Interest Rate at Which Chartered Banks Can Borrow from the Bank

question 123

Short Answer

The interest rate at which chartered banks can borrow from the Bank of Canada is the
preferred rate.
prime rate.
prime plus 1 percent.
bond rate.
bank rate.

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Definitions:

Imperative

Describes something that is absolutely necessary or required, often used in the context of commands or duties.

Integration Imperative

The perceived need or policy goal of integrating diverse groups into a cohesive and functioning society, emphasizing unity and cooperation.

Social System

Refers to a complex set of human relationships interacting in many ways and at multiple levels, including institutions, organizations, and individuals.

Action System

An organizational concept in sociology and systems theory used to describe and analyze social behaviors and structures.