The Overnight Interest Rate Is

question 24

Multiple Choice

The overnight interest rate is

• A)the interest rate peer to peer lenders charge each other for overnight loans.
• B)the interest rate banks charge their best customers.
• C)the interest rate the Bank of Canada charges to banks for advances from the Bank of Canada.
• D)the interest rate the Bank of Canada pays on Canada Savings Bonds.
• E)the interest rate on credit card borrowing paid off before the balance is due.

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Definitions:

Communication Accommodation Theory

Theory that all people adapt their behaviors to others to some extent.

Culture Shock

Feelings of stress and anxiety a person experiences when encountering a culture different from his or her own.

Evolutionary Psychology

is a theoretical approach in psychology that examines human thoughts, feelings, and behaviors through the lens of evolutionary biology, proposing that many aspects of human nature can be understood as adaptations to ancestral environments.

Adapt Reactively

To modify or change behavior after an event.