The European Central Bank's Marginal Lending Facility is used to provide:
A) Short-term loans to banks at rates below the target refinancing rate
B) Long-term loans to banks at rates above the target refinancing rate
C) Short-term loans at rates above the target refinancing rate
D) Long-term loans to banks at rates below the target refinancing rate
Correct Answer:
Verified
Q36: Discount lending today is primarily used for:
A)Controlling
Q37: If the current market federal funds rate
Q38: The types of loans the Fed makes
Q39: Discount lending ties into the Fed's function
Q40: The daily reserve supply curve is:
A)Upward sloping
B)Downward
Q42: To minimize the cost of holding reserves
Q43: Today, reserve requirements are:
A)Set in a way
Q44: Seasonal credit provided by the Fed is
Q45: The Fed is reluctant to change the
Q46: The interest rate on primary credit extended
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