Open market operations in which the European Central Bank specifies an interest rate at which it will lend and then participating banks submit bids on the amount of money they wish to borrow at that rate are known as __________ tenders.

Question

Quizplus · Accepted Answer

In fixed-rate tenders, the central bank sets a fixed interest rate, and banks bid on the amount they wish to borrow at that rate.

Open Market Operations in Which the European Central Bank Specifies