The Bank Rate Refers to

question 105

Multiple Choice

The bank rate refers to

• A) the interest rate that commercial banks charge to their least risky business borrowers.
• B) the market interest rate that financial institutions charge each other for overnight loans.
• C) a term used to describe the range of possible overnight interest rates.
• D) the interest rate that the Bank of Canada charges commercial banks for overnight loans.
• E) accounts held at the Bank of Canada by financial institutions for the purpose of settling their net payment obligations to one another.

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Definitions:

Forbes 500 List

An annual ranking by Forbes magazine of the 500 largest U.S. corporations, based on their revenue.

Regression

A statistical method used to determine the relationship between a dependent variable and one or more independent variables, often used for prediction and forecasting.

Slope

In statistics, the rate at which one variable changes over another, specifically in the context of linear regression.

Simple Linear Regression

This statistical technique involves modeling the correlation between a dependent variable and one independent variable through the application of a linear equation based on collected data.