Which of the following terms refers to the interest level at which commercial banks lend reserves to each other,usually overnight?
A) discount rate
B) key rate
C) prime rate
D) federal insurance premium
E) reserve requirement

Name: Which of the following terms refers to the interest level at which commercial banks lend reserves to each other,usually overnight? A) discount rate B) key rate C) prime rate D) federal insurance premium E) reserve requirement
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B)The Fed has no direct control over this.

Which of the Following Terms Refers to the Interest Level