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:

Young Children

Individuals in the early stages of their life, typically considered to be from birth to the age of 8.

Adolescents

Refer to individuals in the developmental stage that transitions from childhood to adulthood, typically occurring between ages 13 and 19.

Myelination

The process of coating the axons of neurons with a fatty layer, myelin, which speeds up the transmission of electrical signals in the nervous system.

Myelin Sheaths

The fatty covering that wraps around the axons of many neurons, which helps increase the speed at which electrical impulses propagate along the nerve cells.