The Fed plans to raise the discount rate to 7 percent. This indicates that Multiple Choice banks borrowing funds from the Fed will now pay 7 percent on the amount they borrow. the Fed will pay 7 percent on any securities issued by the federal government during the current time period. banks must hold funds in their vault or on deposit with the Fed equal to at least 7 percent of their deposits. O the amount of money in circulation can be no more than 7 percent greater than the amount of gold held in reserve by