The discount rate is:
A. the rate charged a bank’s best customers
B. the rate paid by large business with good credit
C. the rate a bank must pay to borrow from the Fed
D. none of the above
Answer:C
The discount rate is:
A. the rate charged a bank’s best customers B. the rate paid by large business with good credit C. the rate a bank must pay to borrow from the Fed D. none of the above