The "secondary credit" of the discount rate is usually lower than the "primary credit, " because it is intended for banks in good financial condition.

Name: The "secondary credit" of the discount rate is usually lower than the "primary credit, " because it is intended for banks in good financial condition.
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Secondary credit is typically higher than primary credit because it is intended for banks that do not qualify for primary credit, often due to financial difficulties.

The "Secondary Credit" of the Discount Rate Is Usually Lower