Multiple Choice
Which of the following is true of the discount rate?
A) It is the interest rate commercial banks charge their most creditworthy customers.
B) It is the interest rate that thrift institutions charge for home mortgages.
C) It is the interest rate at which depository institutions can borrow from the Federal Reserve.
D) It is the interest rate set in the market for U.S.Treasury Bills.
E) It is the prime interest rate.
Correct Answer:
Verified
Correct Answer:
Verified
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