The Prime Business Rate Refers to

question 39

Multiple Choice

The prime business 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:

Aggression

Actions meant to harm or destroy; behavior intended to hurt or destroy another person.

Latané And Darley

Social psychologists known for their research on the bystander effect, demonstrating that the presence of others affects an individual's likelihood to help.

Foot-In-The-Door

A persuasion technique where the persuader requests a small initial favor in hopes of making the person more likely to agree to a larger favor later.

Stereotype

A set of characteristics that people believe is shared by all members of a particular social category; a concept held about a person or group of people that is based on superficial, irrelevant characteristics.