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17 November, 15:45

Who makes decisions regarding changes in discount rate?

a. the president

b. the board of governors

c. treasury officials

d. the reserve banks

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Answers (1)
  1. 17 November, 16:05
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    The answer is b. the board of governors. The discount rate is the interest rate that is charged to depository institutions, such as commercial banks, regarding the loans from the Federal Reserve Bank. Although those discount rates are established by Reserve Banks, the final decision is up to the Board of Governors.
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