Discount rate is the interest rate on the loans that the Fed makes to banks.
Answer the following statement true (T) or false (F)
True
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Of the following U.S. presidents, which was the first to propose a national health insurance program to Congress?
A) Barack Obama B) Bill Clinton C) Harry Truman D) John F. Kennedy
Measures of well-being include: a. pollution levels
b. infant mortality rates. c. literacy rates. d. all of the above.
The largest overall recipients of remittances are:
A. China and India, which each get more than $5 billion per year. B. China and India, which each get more than $50 billion per year. C. Chile and Mexico, which each get more than $50 billion per year. D. Chile and Mexico, which each get more than $5 billion per year.
Which of the following policy tools is directly controlled by the Trading Desk at the Federal Reserve Bank of New York?
A) the spread between the discount rate and the federal funds rate B) the spread between the federal funds rate and the interest rate on banks' required reserves C) open market sales and purchases D) the required reserve ratio