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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
If the Fed increases the discount rate, commercial banks pay a ________ interest rate if they borrow money from the Fed and will therefore ________.
A) higher; borrow less money from the Fed and make fewer loans to consumers
B) higher; borrow more money from the Fed and make more loans to consumers
C) lower; borrow more money from the Fed and make more loans to consumers
D) lower; borrow less money from the Fed and make fewer loans to consumers
E) higher; deposit more money into their reserves at the Fed
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
Don't mention it Happy Dummy
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