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

Question

Quizplus · Accepted Answer

The "key rate" often refers to the federal funds rate, which is the interest rate at which commercial banks lend reserves to each other, usually overnight.

Which of the Following Terms Refers to the Interest Level