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Mam5i5kijVick Mam5i5kijVick
  • 07-01-2017
  • Business
Answered

When the fed increases the discount rate, banks:

Amust purchase more government securities.
Bmust pay a higher rate when they borrow from the fed.
Cwill lower the rate they charge to borrowers.
Dmust hold a greater amount of funds in reserve against deposits?

Verified Answer :

Anonymous Anonymous
  • 07-01-2017

d. must hold a greater amount of funds in reserve against deposits?

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