Answer:
The correct option is A: Banks decrease their prime rate.
Explanation:
When the government through the Federal Reserve ups the discount rate, other rates tend to follow in the same direction. The reverse is also true.
The discount rate is the rate at which the Federal Reserve lends to Commercial Banks. Commercial banks on the other hand, in order to keep the profit, are forced to adjust their prices in the direction of the discount rate.
The prime rate is the rate at which commercial banks lend to their customers who have very good credit ratings.
The discount rate in economics is one of the monetary policy tools available for use by the government. It is used to adjust factors such as money supply and inflation.
Cheers
To provide a common unit for measuring the relative value of different goods and services.
Answer:
Many died of diseases brought by the Europeans. This was the main impact of these voyages in the very short term. Later, Columbus's voyages led to the domination of the area from Mexico south to Peru by the Spanish. This resulted in the destruction of the major native civilizations like the Incas and the Aztecs.
HOPE THIS HELPED!!!!!!!! XDDDDDDDDD