The interest rate the Federal Reserve charges commercial banks to borrow reserves is called the ________ rate.

Name: The interest rate the Federal Reserve charges commercial banks to borrow reserves is called the ________ rate.
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For historical reasons, lending of reserves by the Federal Reserve to commercial banks is called discount window lending. The interest rate that the Fed charges commercial banks that borrow reserves is called the discount rate.

The Interest Rate the Federal Reserve Charges Commercial Banks to Borrow