The Federal Reserve System tries to keep its discount rate reasonably close to the discount rate quoted by the Bank of Japan, according to the textbook.

Name: The Federal Reserve System tries to keep its discount rate reasonably close to the discount rate quoted by the Bank of Japan, according to the textbook.
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Question

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The Federal Reserve System sets its discount rate based on the economic conditions and monetary policy goals of the United States, independently of the Bank of Japan's discount rate.

The Federal Reserve System Tries to Keep Its Discount Rate