Answered: The rate of interest the Fed charges on…

The rate of interest the Fed charges on loans to member banks is Prime rate Discount rate Federal funds rate Open market rate

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter20: The Global Economy

Section: Chapter Questions

Problem 9AA

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Question

The rate of interest the Fed charges on loans to member banks is
1. Prime rate
2. Discount rate
3. Federal funds rate
4. Open market rate

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A(n) ________is instructions issued by the Federal Open Market Committee (FOMC) to the Federal Reserve Bank in New York to implement monetary policy

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