The Overnight Interest Rate Is

question 195

Multiple Choice

The overnight interest rate is

• A)the interest rate the Bank of Canada charges investment banks, trusts, credit unions, and caisses populaires.
• B)the interest rate a bank charges its best customers.
• C)the interest rate banks charge each other for overnight loans.
• D)the interest rate on a Canada bond.
• E)the interest rate charged on credit card borrowing if payments are made before they are due.

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