The Interest Rate Charged on Loans by the Federal Reserve

question 50

Multiple Choice

The interest rate charged on loans by the Federal Reserve to banks is called the:

• A) federal funds rate.
• B) prime rate.
• C) discount rate.
• D) Treasury bill rate.

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded through standard invoicing, representing a company's obligation to make future payments.