When the Federal Reserve Lends Reserves to Depository Institutions, It

question 448

Multiple Choice

When the Federal Reserve lends reserves to depository institutions, it charges them interest. That interest rate is called the

• A) loan rate.
• B) discount rate.
• C) federal funds rate.
• D) prime rate.

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Definitions:

Retiree

A person who has withdrawn from their profession or occupation and is no longer engaged in paid work.

Age Discrimination

Prejudice or discrimination against individuals or groups based on their age, typically against older adults in employment and other areas.

Job Market

Describes the marketplace where employers search for employees and employees search for jobs.

Necessary Schooling

The essential education required by law or considered vital for a person's intellectual and social development, typically primary and secondary education.