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Which of the following statements appliesto thediscount rate? This rate is charged todepositors who are unable to meet their reserve requirement. The Fed does not

Which of the following statements appliesto thediscount rate?

  • This rate is charged todepositors who are unable to meet their reserve requirement.
  • The Fed does not directly control this rate.
  • The fed funds rate is the same as this rate.
  • This rate is used when banks borrow directly from the Fed.

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