If the operating band for the overnight interest rate is from 3.5 to 4.0 percent,then ________.
A) the rate on positive settlement balances at the Bank of Canada is 3.5 percent
B) the rate on positive settlement balances at the Bank of Canada is the lower limit of the operating band
C) the bank rate is the lower limit of the operating band.
D) Both A and B of the above.
Correct Answer:
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