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The rate at the bottom end of the operating band is called the
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.
Expert Solution
a) deposit rate
The rate at the bottom end of the operating band is called the deposit rate. It is the rate that bank pays on any surplus left on deposit for the overnight at the bank.
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