Changing the discount rate is a primary tool available to which of the following institutions to influence the economy

Question

Quizplus · Accepted Answer

The Federal Reserve Board is responsible for setting the discount rate, which is the interest rate at which banks can borrow money from the Federal Reserve. By adjusting the discount rate, the Federal Reserve Board can influence the economy by making it easier or harder for banks to borrow money, which in turn affects the supply of money and credit in the economy. Congress, the President, the Courts, and the Treasury Department do not have direct control over the discount rate.

Changing the Discount Rate Is a Primary Tool Available to Which