Primary Credit Is Only a Backup Source of Funds for Health

question 116

Multiple Choice

Primary credit is only a backup source of funds for health banks since

• A)the primary credit rate is set above the federal funds rate.
• B)restrictions as to its use limit its benefits.
• C)the secondary credit rate pays 0.5% more.
• D)banks must seek funds from other sources prior to requesting a discount loan.

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Definitions:

Supreme Court

The highest judicial court in a country or state, often having the final say in legal matters and interpretations of the law.

Class Action

A lawsuit filed by one or more plaintiffs on behalf of a larger group who are all affected by the same issue, allowing for collective legal action.

Demurrer

A legal objection that an opponent's point is irrelevant or invalid, while granting the factual basis of the point.

Directed Verdict

A ruling made by a judge in a jury trial, ordering the jury to deliver a specific verdict because the evidence presented could logically lead to only one conclusion.