The discount rate is kept ________ the federal funds rate because the Fed prefers that ________

A) below; banks borrow reserves from each other
B) below; banks borrow reserves from the Fed
C) above; banks borrow reserves from each other
D) above; banks borrow reserves from the Fed

C

Economics

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Which of the following conditions is violated if there is a free rider problem?

(a) universality (b) exclusivity (c) transferability (d) enforceability

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