Is there any difference between borrowing from the federal funds market and borrowing from the discount window? Explain
What will be an ideal response?
The federal funds market refers to the market where banks obtain overnight loans of reserves from one another. On the other hand, when banks are not granted funds from the federal funds market, they can borrow from the Fed. This is referred to as borrowing from the discount window.
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In NASCAR, a race winner might win, say, $500,000, whereas second place wins $450,000. Why might NASCAR have a 10% reduction in prize money from first and second place?
A) To ensure that there is enough money to pay those who finish near last. B) To motivate drivers to take risks they might not otherwise take. C) To motivate drivers to not take risks they might otherwise take. D) NASCAR is a cartel.
Pollution from the U.S. Middle West may not only harm New England and Canada, it may extend to cause harm to the entire solar system
Indicate whether the statement is true or false