Typically, the lowest discount rate charged by the Federal Reserve is for:
A) Prime rate
B) Secondary rate
C) Seasonal rate
D) Interbank rate
E) None of the above

Question

Quizplus · Accepted Answer

The Seasonal rate is typically the lowest discount rate charged by the Federal Reserve, designed to help smaller banks manage seasonal fluctuations in their loans and deposits.

Typically, the Lowest Discount Rate Charged by the Federal Reserve