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26. The Prime Lending Rate in Canada can best be described as: A. The rate which lending institutions charge other lending institutions when they lend
26. The Prime Lending Rate in Canada can best be described as:
A. The rate which lending institutions charge other lending institutions when they lend money to them.
B. The rate which lending institutions charge their best customers for a demand loan.
C. The rate the Bank of Canada charges lending institutions when it lends money to them.
D. The rate which lending institutions charge their customers on resolving credit products such as a Line of Credit.
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