The interest rate charged by banks lending each other money through over-night borrowing is called the __________.
A) prime rate
B) discount rate
C) federal funds rate
D) call money rate
Answer: C
The interest rate charged by banks lending each other money through over-night borrowing is called the __________.
A) prime rate
B) discount rate
C) federal funds rate
D) call money rate
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.