The Operating Band for the Overnight Interest Rate Is ________

question 67

Multiple Choice

The operating band for the overnight interest rate is ________.

• A) 50 basis points wide
• B) defines the rate of interest the Bank of Canada charges LVTS participants with negative settlement balances at the end of the banking day
• C) defines the rate of interest the Bank of Canada pays LVTS participants with negative settlement balances at the end of the banking day
• D) Both A and B of the above.

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