Multiple Choice
Standing facilities ________.
A) refers to participant borrowing form each other to bring their settlement balances to zero at the end of the banking day
B) refers to the Bank of Canada refusal to lend to or borrow from a participant to bring
Their settlement balances to zero at the end of the banking day
C) refers to the Bank of Canada's building in Ottawa
D) refers to the Bank of Canada being ready to lend to or borrow from a participant to bring
Their settlement balances to zero at the end of the banking day
Correct Answer:
Verified
Correct Answer:
Verified
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