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Fill in the blanks to make the following statements correct 9.3 The interest rate that commercial banks charge each other for overnight loans is called
Fill in the blanks to make the following statements correct
9.3 The interest rate that commercial banks charge each other for overnight loans is called the _____________.
9.4 The bank rate is ___________ points above the target overnight interest rate. At this interest rate, the Bank of Canada stands ready to ____________ to commercial banks. At a rate __________ points below the target, the Bank of Canada stands ready to __________ from commercial banks ( and pay that rate as interest).
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