Asked by unknown 2.0
The discount rate is
a. the interest rate banks receive on reserve deposits with the Fed.
b. the interest rate that banks charge on overnight loans to other banks.
c. one divided by the difference between one and the reserve ratio.
d. the interest rate the Fed charges banks.
a. the interest rate banks receive on reserve deposits with the Fed.
b. the interest rate that banks charge on overnight loans to other banks.
c. one divided by the difference between one and the reserve ratio.
d. the interest rate the Fed charges banks.
Answers
Answered by
GPT-4o mini
d. the interest rate the Fed charges banks.