Which of the Following Statements Is False

question 95

Multiple Choice

Which of the following statements is false?

• A) The federal funds rate is the interest rate at which a bank lends funds to another bank.
• B) The federal funds rate is determined by the open market.
• C) The federal funds rate is established on a semiannual basis by the board of governors of the Federal Reserve.
• D) The discount rate is different from the federal funds rate.
• E) The discount rate is the interest rate paid by a member bank to borrow funds from the Fed.

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Definitions:

Treasurer

An official or executive in an organization responsible for managing and overseeing financial affairs and funds.

Chief Information Officer

An executive role responsible for managing and implementing information and computer technologies in an organization.

Rational Basis

A standard of review used by courts to evaluate government laws and actions to ensure they are rationally related to a legitimate government interest.

Protracted Negotiations

Extended or lengthy discussions aimed at reaching an agreement, often complex and involving multiple issues or parties.