Primary Credit Extended by the Fed Is

question 55

Multiple Choice

Primary credit extended by the Fed is:

• A)For banks needing long-term loans to work out financial problems
• B)The highest interest rate loans offered by the Fed
• C)Short-term, usually overnight loans
• D)Loans offered at the prime interest rate for periods exceeding thirty days but less than one year

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Definitions:

Customer Relationship Management

A strategy in business that focuses on developing and maintaining lasting relationships with customers to enhance loyalty and retention.

Types of Customers

Refers to the different categories or segments of customers each with their own specific needs, behaviors, and characteristics.

Net Promoter Score

A metric used to gauge the loyalty of a firm's customer relationships, based on how likely customers are to recommend the company to a friend or colleague.