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Macroeconomics Final - Ch. 29
Definitions from the Ragan Lipsey Canadian Macroeconomics book
4
Economics
Undergraduate 1
04/14/2011
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Term
Overnight Interest Rate
 Definition
The interest rate that commercial banks charge one another for overnight loans
Term
Bank Rate
 Definition
The interest rate the Bank of Canada charges commercial banks for loans
Term
Open-Market Operation
 Definition
The purchase and sale of government securities on the open market by the central bank
Term
Cats
 Definition
Things which purr
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