Go to the Federal Reserve Board website and find the latest information available on the prime rate, the discount rate, and the three-month T-bill rate using the following steps. Go to www.federalreserve.gov. Under “Data,” click on “Selected Interest Rates.” The most recent data will be shown on your computer screen.

Questions 1 What are the current levels for each of these interest rates?

2 Calculate the percentage change in each of these rates since December 2019.

AppendixLO1