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hich of the following is not correct regarding the Federal Reserve? The Federal Reserve discount rate is the rate at which member banks can borrow

hich of the following is not correct regarding the Federal Reserve? The Federal Reserve discount rate is the rate at which member banks can borrow funds from the Federal Reserve. The Bank Borrowing Rate is the overnight lending rate between member banks. Open market operation is the process by which the Federal Reserve purchases and sells government securities in the open market

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