Question

The rate of interest paid when one bank borrows reserves from another bank is called the:

Q: Answer-The rate of interest paid when one bank borrows reserves from another bank is called the:

The interest rate when one bank borrows reserves from another bank, especially overnight, is known as the interbank lending rate, often specifically called the federal funds rate in the U.S

A bank discount rate

B interbank offered rate

C bank reserve rate

D federal funds rate

E Prime lending rate

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The rate of interest paid when one bank borrows reserves from another bank is called the:

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