The Lower Limit of the Operating Band for the Overnight

question 65

Multiple Choice

The lower limit of the operating band for the overnight interest rate is ________.

• A) the bank rate
• B) the prime rate
• C) the rate the Bank of Canada charges LVTS participants with negative settlement balances at the end of the banking day
• D) 50 basis points below the bank rate

Identify the range and interpretation of correlation coefficients.

Understand how correlation affects predictability between variables.

Recognize examples of correlations in real-world contexts.

Understand the importance of sample representativeness in research studies.

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Definitions:

Law Of Effect

A principle in psychology stating that behaviors followed by positive outcomes are likely to be repeated, whereas behaviors followed by negative outcomes are less likely to be repeated.

Variable-Interval Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed.

Counterconditioned

The process of changing a previously undesirable response to a stimulus into a desirable one through conditioning.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable outcome or stimulus strengthens a particular behavior.