The longer the time to maturity, the lower the security's price sensitivity to an interest rate change. O True False Question 22 2.31 pts The discount rate is the rate that a. banks charge for loans to corporate customers. b. banks charge to lend foreign exchange to customers. c. banks charge each other on loans of excess reserves. d. banks charge securities dealers to finance their inventory. e. the Federal Reserve charges on loans to commercial banks. a Ob Od e The monetary policy tool that has the most predictable effect is: a. Open market operations b. Raising or lowering the discount rate C. Raising or lowering reserve requirements d. None of the above. O a Ob a Od