If a Bank Borrows from the Bank of Canada,the Interest

question 9

Multiple Choice

If a bank borrows from the Bank of Canada,the interest rate is called

• A)the prime rate.
• B)the bank rate.
• C)the overnight rate.
• D)the reserve availability rate.

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Definitions:

Genetic Predisposition

A natural tendency for individuals to develop certain conditions based on their genes.

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A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

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Rendering someone or something unable to function in a normal capacity.