Which of the following statements is correct?

A. The federal funds rate is derived based on the prime rate.
B. The prime rate involves longer, more risky loans than the federal funds rate.
C. The federal funds rate is the rate banks charge their most creditworthy customers.
D. The discount rate is the rate banks charge one another on overnight loans.


Answer: B

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

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Labor productivity can be increased if

A) the government mandates it. B) the standard of living declines. C) people spend less time developing skills before entering the workforce. D) there is an increase in capital goods.

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If marginal utility is a positive number,

A. the more you purchase, the more total utility you get. B. the more you purchase, the less total utility you get. C. utility is not affected by more purchases. D. then you are as well off as possible.

Economics

The commerce clause strengthened the federal government's interventionist power in industries operating on a national scale

Indicate whether the statement is true or false

Economics