Fill in the blanks.
Lower limit of the Bank of Canadaâs operating band. Private institutions receive this on excess funds in their reserve accounts.
An open market operation that increases liquidity in the overnight market â used to prevent or reverse rising overnight rates.
Upper limit of the Bank of Canadaâs operating band. Private institutions pay this if their reserve counts are in deficit overnight.
The Bank of Canadaâs key policy rate â itâs announced 8 times per year and lies exactly half way between the upper and lower limits of the operating band.
The electronic system for the real-time verification and end-of-day settling of large financial transfers/payments in the Canadian economy.
A. ACSS
B. Bank rate
C. Deposit rate
D. LVTS
E. Overnight rate
F. SPRA/Repos
G. SRA/Reverse repos
H. Target overnight rate
Fill in the blanks.
| Lower limit of the Bank of Canadaâs operating band. Private institutions receive this on excess funds in their reserve accounts. |
| An open market operation that increases liquidity in the overnight market â used to prevent or reverse rising overnight rates. |
| Upper limit of the Bank of Canadaâs operating band. Private institutions pay this if their reserve counts are in deficit overnight. |
| The Bank of Canadaâs key policy rate â itâs announced 8 times per year and lies exactly half way between the upper and lower limits of the operating band. |
| The electronic system for the real-time verification and end-of-day settling of large financial transfers/payments in the Canadian economy. |
| A. ACSS B. Bank rate C. Deposit rate D. LVTS E. Overnight rate F. SPRA/Repos G. SRA/Reverse repos H. Target overnight rate |
