The federal funds rate is typically ____ the primary credit rate.

Name: The federal funds rate is typically ____ the primary credit rate.
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The federal funds rate is typically less than the primary credit rate because the primary credit rate, often referred to as the discount rate, is set by the Federal Reserve for loans to banks, and it's usually set higher to discourage banks from borrowing excessively and to encourage them to seek funds in the federal funds market first.

The Federal Funds Rate Is Typically ____ the Primary Credit