If the Operating Band for the Overnight Interest Rate Is

question 91

Multiple Choice

If the operating band for the overnight interest rate is from 3.5 to 4.0 percent,then ________.

• A) the rate on positive settlement balances at the Bank of Canada is 3.5 percent
• B) the rate on positive settlement balances at the Bank of Canada is the lower limit of the operating band
• C) the bank rate is the lower limit of the operating band.
• D) Both A and B of the above.

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