The lower limit of the operating band for the overnight interest rate is ________.
A) the bank rate
B) the prime rate
C) the rate the Bank of Canada charges LVTS participants with negative settlement balances at the end of the banking day
D) 50 basis points below the bank rate
Correct Answer:
Verified
Q34: Standing facilities _.
A) refers to participant borrowing
Q35: If the operating target of the Bank
Q36: The Bank of Canada's operating band is
Q37: The rate spread at the Bank of
Q38: If LVTS participating financial institutions have insufficient
Q40: If the Bank of Canada charges for
Q41: The goal of the Bank of Canada's
Q42: A rise in the overnight rate _.
A)
Q43: The quantity of reserves demanded rises when
Q44: The Bank of Canada uses the _
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