Which of the Following Best Defines the Bank Rate

question 118

Multiple Choice

Which of the following best defines the bank rate?

• A)It is the interest rate the Bank of Canada charges banks.
• B)It is one divided by the difference between one and the reserve ratio.
• C)It is the interest rate banks receive on reserve deposits with Bank of Canada.
• D)It is the interest rate that banks charge on overnight loans to other banks.

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Definitions:

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