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17 March, 00:49

The interest rate that banks must pay on money borrowed from Regional Federal Reserve Banks is the A) discount rate. B) inflation rate. C) federal funds rate. D) reserve requirement.

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  1. 17 March, 03:20
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    A. discount rate

    The discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal Reserve Bank.
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