17-80 Which of the following observations concerning the Fed's discount window is true?

Question

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Primary credit is available to sound depository institutions on a very short-term basis. This means that eligible institutions can borrow from the Fed's discount window to meet their short-term liquidity needs. The other options are incorrect because:
A) The facility is provided to meet banks' temporary liquidity needs.
B) There are only three lending programs offered through the Fed's discount window.
D) Secondary credit is available to depository institutions that are not eligible for primary credit.
E) Eligible institutions for seasonal credit are those that experience predictable seasonal fluctuations in liquidity needs, not necessarily big urban banks.

17-80 Which of the Following Observations Concerning the Fed's Discount