The interest rate banks pay to borrow money from the Fed is the

Name: The interest rate banks pay to borrow money from the Fed is the
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The interest rate banks pay to borrow money from the Fed is the discount rate. The federal funds rate is the interest rate banks charge each other for overnight loans, the prime lending rate is the interest rate banks charge their most creditworthy customers, and the reserve rate is the fraction of deposits that banks must hold in reserve.

The Interest Rate Banks Pay to Borrow Money from the Fed