Which of the following is the interest rate at which the major financial institutions borrow from each other?

Question

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The overnight rate is the interest rate at which major financial institutions borrow and lend funds among themselves overnight. It sets the tone for other interest rates in the market, making it a key benchmark for short-term interest rates. The open market rate refers to the interest rate at which government securities are traded, the prime rate is the interest rate that commercial banks charge their most creditworthy customers, and the secured rate is the interest rate charged to borrowers who put up collateral.

Which of the Following Is the Interest Rate at Which