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Reptor Reptor
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6 years ago
Primary credit is only a backup source of funds for healthy banks since
A) the primary credit rate is set above the federal funds rate.
B) restrictions as to its use limit its benefits.
C) the secondary credit rate pays 0.5% more.
D) banks must seek funds from other sources prior to requesting a discount loan.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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pepebillypepebilly
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