TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CHEQUING DEPOSIT [1 record]

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Record 1 1986-03-05

English

Subject field(s)
  • Banking
CONT

Under competition, free banking would result in banks then bidding up the interest rate paid on demand deposits to a positive level. (That is what used to happen in the 1920's: Our grandfathers often were paid 5 per cent on their checking deposits.)

French

Domaine(s)
  • Banque
CONT

En régime de concurrence [...] le libre exercice de la profession bancaire aurait pour conséquence que, les banques enchérissant les unes sur les autres, le niveau des taux d'intérêt servis aux dépôts à vue s'élèverait plus ou moins au-dessus de zéro. (Tel était le cas au cours de la décennie 1920 : les dépôts «chécables» constitués par les clients des banques américaines étaient fréquemment rémunérés à raison de 5%).

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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