If the operating band for the overnight interest rate is from 3.5 to 4.0 percent, then ________.
A) the bank rate is 4.0 percent
B) the bank rate is the lower limit of the operating band
C) the bank rate is the rate the Bank of Canada charges LVTS participants with negative settlement balances at the end of the banking day
D) A and C only.
Correct Answer:
Verified
Q25: LVTS participants with positive settlement balances at
Q26: If LVTS participating financial institutions have insufficient
Q27: The operating band for the overnight interest
Q28: If the operating target of the Bank
Q29: If the Bank of Canada pays on
Q31: If the Bank of Canada pays on
Q32: If the Bank of Canada pays on
Q33: The lower limit of the operating band
Q34: Standing facilities _.
A) refers to participant borrowing
Q35: If the operating target of the Bank
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