Which Statement Best Defines the Bank Rate

question 96

Multiple Choice

Which statement best defines the bank rate?

• A) It is the interest rate the Bank of Canada charges banks.
• B) It is one divided by the difference between one and the reserve ratio.
• C) It is the interest rate banks receive on reserve deposits with Bank of Canada.
• D) It is the interest rate that banks charge on overnight loans to other banks.

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Definitions:

Extrinsic Motivation

A form of motivation driven by external rewards or pressure rather than internal desire.

Organizational Member

refers to an individual who is part of an organization and plays a role in its functioning, contributing to its goals and culture.

Objectives

Specific, measurable goals or targets that an individual, team, or organization aims to achieve.

Performance

An evaluation of how effectively an individual or organization executes tasks, typically assessed against a set of standards or goals.