Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21) Which of the following is NOT true regarding Federal funds rate and discount window Select one: a. Discount rate is higher than Federal funds

image text in transcribed

21) Which of the following is NOT true regarding Federal funds rate and discount window Select one: a. Discount rate is higher than Federal funds rate most of the time so to discourage banks from borrowing from the central bank. b. Discount rate has been reduced to equal to the upper limit of the Federal funds rate during the pandemic. c. Announcement from FOMC meetings showed that our interest rate will stay at a very low level for the near future. d. Discount rate can't be set by the Federal Reserve as it is determined by the market supply and demand

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horizons Of Tomorrow Next 50 Years

Authors: Suleyman Ismail

1st Edition

979-8223501329

More Books

Students also viewed these Finance questions

Question

Explain what FIFO means.

Answered: 1 week ago