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.The IORB is the rate that banks receive for any money that Blank______. Multiple choice question. they lend to the Fed is lent to them by anyone but the Fed is lent to them by the Fed they lend to anyone but the Fed