Which is the interest rate at which banks borrow from the Federal Reserve? the federal funds rate the inflation rate the real interest rate the discount rate the nominal interest rate minus the inflation rate

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter28: Monetary Policy And Bank Regulation
Section: Chapter Questions
Problem 1SCQ: Why is it important for the members of the Board of Governors of the Federal Reserve to have longer...
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Please see below. I believe the answer is the discount rate.
Which is the interest rate at which banks borrow from the Federal Reserve?
the federal funds rate
the inflation rate
O the real interest rate
the discount rate
the nominal interest rate minus the inflation rate
Transcribed Image Text:Which is the interest rate at which banks borrow from the Federal Reserve? the federal funds rate the inflation rate O the real interest rate the discount rate the nominal interest rate minus the inflation rate
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