1.) If it looks like a bank won't meet the Federal Reserve Bank's reserve requirement, normally it will first turn to the: (a) other member banks and borrow money at the federal funds rate. (b) Federal Reserve and borrow money at the discount rate. (c) open market and borrow money there. (d) Congress to borrow funds.
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Home » Business » 1.) If it looks like a bank won't meet the Federal Reserve Bank's reserve requirement, normally it will first turn to the: (a) other member banks and borrow money at the federal funds rate. (b) Federal Reserve and borrow money at the discount rate.