The Interest Rate That the Fed Charges Banks That Borrow

question 50

Multiple Choice

The interest rate that the Fed charges banks that borrow reserves from it is the

• A)federal funds rate.
• B)discount rate.
• C)reserve requirement.
• D)prime rate.

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Definitions:

Writ of Certiorari

A court order requesting the lower court to deliver its record in a case so that the higher court can review it.

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction, which reviews the decisions of lower courts.

Supreme Court

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