Difference between revisions of "Discount rate"
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| − | ''' | + | '''The discount rate''' is the [[interest rate]] paid by commercial [[bank]]s to borrow funds from [[Federal Reserve System|Federal Reserve Banks]]. |
==Sources== | ==Sources== | ||
Latest revision as of 03:51, January 5, 2012
The discount rate is the interest rate paid by commercial banks to borrow funds from Federal Reserve Banks.