Question: please choose one answer for each question: Going from lowest to highest, the key rates in Canada are... a. Target overnight, deposit, bank, prime. b.

please choose one answer for each question:

Going from lowest to highest, the key rates in Canada are...

a.

Target overnight, deposit, bank, prime.

b.

Prime, bank, deposit, target overnight.

c.

Bank, prime, target overnight, deposit.

d.

Deposit, target overnight, bank, prime.

The rate at the bottom end of the operating band is called the...

a.

Deposit rate.

b.

Overnight rate.

c.

Bank rate.

d.

Target overnight rate.

The rate at which a commercial bank's best customers can borrow is called...

a.

The deposit rate.

b.

The prime rate.

c.

The bank rate.

d.

The settlement rate.

If interest rates increase, the aggregate expenditure curve that relates aggregate expenditure to output...

a.

Shifts up in a parallel way.

b.

Shifts down in a parallel way.

c.

Gets flatter.

d.

Gets steeper.

Last year the Canadian dollar-British pound exchange rate was given by C$1.66 =1. Today, it isC$1.71 =1. Based on that, we can say that the Canadian dollar _____ and the British pound _____.

a.

Appreciated; appreciated.

b.

Depreciated; appreciated.

c.

Appreciated; depreciated.

d.

Depreciated; depreciated.

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