What Is the Interest Rate the Bank of Canada Charges

question 45

Multiple Choice

What is the interest rate the Bank of Canada charges on loans it makes to banks?

• A) the prime rate
• B) the federal repayment rate
• C) the bank rate
• D) the dividend debt

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Definitions:

Amida

An ancient city in Mesopotamia, known in modern times as Diyarbakır, Turkey.

Jocho

A Japanese sculptor of the Heian period, famous for pioneering the yosegi technique of wood sculpture, notably in the creation of the Amida Buddha of the Byodoin Temple.

Buddhism in Japan

The set of practices and beliefs of Buddhism as it has been practiced and adapted in Japan, including various sects such as Zen, Pure Land, and Shingon.

Tale of Genji Handscrolls

Illustrated scrolls based on the 11th-century Japanese literary masterpiece "The Tale of Genji," showcasing courtly life and aesthetics of the Heian period.