Examlex
Which of the following statements about target costing is false?
Discount Rate
The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.
Required Reserve Ratio
The fraction of deposits that a bank is required by regulation to hold in reserve, either in its own vaults or with a central bank, and not lend out.
Money Supply
The sum of physical currency, demand deposits, savings, and other liquid assets in a country's economy.
Fed
Known as the Federal Reserve System, the central bank of the United States oversees the nation's monetary policy.
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