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Which of the following statements is incorrect? a . when market rates are changing, the discount rate adjusts immediately. b . money market interest rates

Which of the following statements is incorrect? a

.

when market rates are changing, the discount rate adjusts immediately. b

.

money market interest rates tend to respond quickly topeen Federal Reserve open market operations. c

.

the discount rate may be above or below other money market interest rates at a given point in time.

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