What is the name for the rate at which the Federal Reserve makes short
QUESTION
What is the name for the rate at which the Federal Reserve makes short-term loans to member banks?
A) federal rate
B) discount rate
C) interest rate
D) primary rate
E) reserve rate
ANSWER
Answer: B
Explanation: B) The discount rate is the rate at which the Federal Reserve makes short-term loans to member banks.
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.