The benchmark interest rate that banks use as a reference point for a variety of consumer and business loans is the
A) federal funds rate.
B) prime interest rate.
C) discount rate.
D) Treasury bill rate.
Correct Answer:
Verified
Q105: Since the financial crisis of 2007-2009, borrowing
Q107: Other things equal, which of the following
Q108: In recent years, the Fed has communicated
Q109: Which of the following statements about quantitative
Q111: Before the financial crisis, if the Fed
Q112: Prior to the financial crisis of 2007-2009,
Q113: Which of the following statements is most
Q114: Why wouldn't the Fed want to drive
Q115: Which statement best reflects the Fed's approach
Q117: The increase in excess reserves that occurred
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