The discount rate is the interest rate banks are charged when they borrow money from the Fed
Indicate whether the statement is true or false
TRUE
Explanation: By definition, the discount rate is the interest rate banks are charged when they borrow money from the Federal Reserve Bank. The discount rate may be confused with the Federal Funds rate, which is the interest rate that banks charge other banks when they borrow funds overnight from each other in order to maintain their reserves.
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When there are a large number of independent variables and the researcher suspects that not all of them are significant, stepwise regression should be used
Indicate whether the statement is true or false
The Securities Exchange Act of 1934 expressly provides for a private right of action for violations
of Section 10(b) and Rule 10b-5. Indicate whether the statement is true or false