The interest rate on loans made by banks in the market in which they lend and borrow reserves from each other for very short periods of time is known as the:
A) discount rate.
B) legal reserve rate.
C) federal funds rate.
D) open market rate.
E) margin rate.
Correct Answer:
Verified
Q99: The Fed can raise the discount rate
Q146: The interest rate which the Fed charges
Q147: When the discount rates fall, the cost:
A)
Q148: When the Fed lowers the discount rate,
Q149: Which of the following policy actions by
Q150: The market where banks borrow from other
Q152: The federal funds market is the market
Q153: Which of the following policy actions by
Q154: Which of the following statements is true
Q155: What interest rate does a bank pay
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents