The Interest Rate Charged on Loans Between Depository Institutions Is

question 53

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 lending rate.
• D) none of the above

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Definitions:

Liability

The state of being legally responsible for something, often referring to financial obligations incurred through actions or by contract.

Lemon-Law

Legislation that offers remedies to consumers for products, especially vehicles, that fail to meet standards of quality and performance after multiple repair attempts.

Arbitration Panel

A group of one or more independent persons appointed to resolve a dispute in arbitration, rather than through court litigation.

Vehicle Manufacturer

A company that produces and sells automobiles, motorcycles, or other types of vehicles.