On Which of the Following Does the Bank of Canada

question 124

Multiple Choice

On which of the following does the Bank of Canada have the tightest grip?  

• A) the prime rate 
• B) the overnight rate 
• C) the mortgage rate 
• D) the credit card rate

---

Definitions:

Balance of Trade

The variation in worth between what a country buys from and sells to other countries during a specific time frame.

Electricity

A form of energy resulting from the existence of charged particles, widely used for lighting, heating, and powering machines and devices.

1920s

A decade characterized by economic prosperity and cultural flourishing in the United States, also known as the "Roaring Twenties."

Stock Market

A public marketplace where stocks, bonds, and other securities are bought and sold.