Primary credit is only a backup source of funds for health banks since
A) the primary credit rate is set 1% above the federal funds rate.
B) restrictions as to its use limit its benefits.
C) the secondary credit rate pays 0.5% more.
D) banks must seek funds from other sources prior to requesting a discount loan.
Correct Answer:
Verified
Q53: Discount policy
A)is the most frequently used of
Q54: Which of the following statements concerning seasonal
Q55: Which of the following statements is NOT
Q56: The Fed
A)is obliged to make whatever discount
Q57: Temporary, short-term discount loans to banks in
Q59: Discount loans intended for banks that are
Q60: Which of the following statements is true?
A)The
Q61: Between 1950 and 1980, the Fed adjusted
Q62: Which of the following statements is true?
A)Only
Q63: Reserve requirements
A)may be set by the FOMC
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents