Which is higher,the federal funds rate or interest rate on loans made from the Fed's discount window?

Question

Quizplus · Accepted Answer

The interest rate on loans made from the Fed's discount window is typically higher than the federal funds rate. This is because the discount rate is the interest rate that banks pay when they borrow directly from the Federal Reserve, while the federal funds rate is the interest rate that banks charge each other for overnight loans. The discount rate is generally seen as a last resort for banks that are in need of funds, so it tends to be higher than the federal funds rate.

Which Is Higher,the Federal Funds Rate or Interest Rate on Loans