The Prime Rate Is

question 195

Multiple Choice

The prime rate is:

• A)the interest rate charged by the chartered banks in Canada for lending to their best corporate customers.
• B)the interest rate charged by the chartered banks in Canada for lending to other financial intermediaries.
• C)the interest rate charged by the chartered banks in Canada for lending to the Federal government.
• D)the interest rate charged by the chartered banks in Canada for lending to the trust companies.

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Definitions:

Replication

The method whereby a double-helix DNA molecule replicates itself to create two duplicate DNA molecules.

DNA Polymerase

An enzyme that plays a critical role in DNA replication, facilitating the synthesis of a new strand of DNA by adding nucleotides matched to the template strand.

Adds Nucleotides

A process that involves the addition of nucleotide units to a nucleic acid molecule such as DNA or RNA.

Diploid

A cell or organism that has two sets of chromosomes, one from each parent, typical of somatic cells.