jaylahaustin17 jaylahaustin17
  • 06-11-2017
  • Mathematics
contestada

what is a discount rate

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sarahisgreat sarahisgreat
  • 06-11-2017
The Federal Reserve sets an minimum rate to for lending to other banks.
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Importance
Importance Importance
  • 06-11-2017
Hello!

A discount rate is the minimum interest rate created by "The Federal Reserve" for renting to other banks..

Hope this helped!! ☺♥
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