Lowering the discount rate has the effect of ________.
A. forcing commercial banks to call in outstanding loans from their best customers
B. turning required reserves into excess reserves
C. turning excess reserves into required reserves
D. making it less expensive for commercial banks to borrow from central banks
Answer: D
Economics
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The science of economics is a finished jewel, perfect and unchanging
a. True b. False Indicate whether the statement is true or false
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