If a bank borrows from a Federal Reserve Bank, the interest rate is called
a. the prime rate.
b. the reserve availability rate.
c. the Fed funds rate.
d. the discount rate.
Answer: D
If a bank borrows from a Federal Reserve Bank, the interest rate is called
a. the prime rate.
b. the reserve availability rate.
c. the Fed funds rate.
d. the discount rate.
Answer: D