Discount lending by the Fed:

Name: Discount lending by the Fed:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Discount lending by the Fed is not as important today as it was in the past. This is because the Fed has other tools at its disposal, such as open market operations and setting the federal funds rate, which are more commonly used to implement monetary policy. In addition, the volume of discount lending is relatively small compared to other aspects of the Fed's balance sheet, with an average weekly volume of around $5 billion.

Discount Lending by the Fed