The deposit rate that the Bank of Canada pays to commercials banks is a to such banks because O a. Loss; it is always lower than the overnight rate O b. Profit; it is always higher than the prime rate O C. Loss; it is always close to zero O d. Profit; it is always positive
The deposit rate that the Bank of Canada pays to commercials banks is a to such banks because O a. Loss; it is always lower than the overnight rate O b. Profit; it is always higher than the prime rate O C. Loss; it is always close to zero O d. Profit; it is always positive
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The deposit rate that the Bank of Canada pays to commercials banks is a
to such banks
because
O a.
Loss; it is always lower than the overnight rate
O b.
Profit; it is always higher than the prime rate
O C.
Loss; it is always close to zero
O d.
Profit; it is always positive](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e830ada-e457-4dd8-9711-04a27a3635ba%2F139e453b-c94e-47dc-a023-42fce78c28e6%2F98fkih_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The deposit rate that the Bank of Canada pays to commercials banks is a
to such banks
because
O a.
Loss; it is always lower than the overnight rate
O b.
Profit; it is always higher than the prime rate
O C.
Loss; it is always close to zero
O d.
Profit; it is always positive
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