The primary credit rate is the interest rate that the Fed charges the most creditworthy depository institutions for short-term loans.

Name: The primary credit rate is the interest rate that the Fed charges the most creditworthy depository institutions for short-term loans.
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The primary credit rate, often referred to as the discount rate, is indeed the interest rate set by the Federal Reserve for lending to the most financially sound, or creditworthy, depository institutions on a short-term basis.

The Primary Credit Rate Is the Interest Rate That the Fed