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Which of the following statements accurately describe the discount rate? Multiple select question. It is set by the Fed to be higher than the IORB

Which of the following statements accurately describe the discount rate? Multiple select question. It is set by the Fed to be higher than the IORB rate. It is set by the Fed to be lower than the IORB rate. It is the rate at which the Fed can borrow from depository institutions. It is useful during bank runs and major crises

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