How Does the Bank of Canada Set the Bank Rate? A)the

Question 23
Multiple Choice

How does the Bank of Canada set the bank rate? A)The Bank of Canada does not determine the bank rate. B)The bank rate is set at a quarter percentage point above the prime lending rate. C)The bank rate is set at a quarter percentage point above the target overnight loans rate. D)The bank rate is set at a quarter percentage point below the overnight loans rate. E)The bank rate is set at 25 basis points above the operating band.