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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