The Interest Rate Charged on Loans Between Depository Institutions Is

question 16

Multiple Choice

The interest rate charged on loans between depository institutions is commonly referred to as the

• A)federal funds rate.
• B)discount rate.
• C)primary credit rate.
• D)None of these are correct.

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Definitions:

Estate

The total of all the property, assets, and debts left by an individual at death.

Ownership Interest

The possession of rights, control, and benefits of ownership in property or a company by an individual or entity.

Land

An area of the earth's surface, including its resources and physical environment, which can be owned or used.

Life Estate

An ownership interest in which the holder has the right to possess the property until his or her death.