Card 11 / 15: What is the Federal Reserve System FED discount rate?
A)
The interest rate that banks charge their private clients
B)
The interest rate that banks are charged when they borrow from the Fed
C)
The interest rate they’re charged when the banks borrow from each other
Answer:
B) The interest rate that banks are charged when they borrow from the Fed
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Yasser IbrahimFounder
Jobilize.com
U.A.E.
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