Hometown Bank has made a significant number of loans to their customers, some of which have been very large. An audit of the bank’s records shows that as a result of this increased lending activity, the bank is now below the Federal Reserve’s minimum reserve requirement. The Fed lends the bank the amount necessary to bring its reserves up to the required level. Even though Hometown Bank is borrowing the money from the Fed, it will still have to pay interest on this money. The interest rate that is paid to the Fed on this loan is the ________.
Answer: discount rate
Business
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The physical environment in which employees work may affect the quality of work life, but it does not affect their performance and safety
Indicate whether the statement is true or false
Business
At two opposite ends of the spectrum are autocratic and ________ decision styles
Fill in the blanks with correct word
Business