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monitta
3 years ago
6

What is a discount rate

Mathematics
2 answers:
Paraphin [41]3 years ago
6 0
Hello!

A discount rate is the minimum interest rate created by "The Federal Reserve" for renting to other banks..

Hope this helped!! ☺♥
8090 [49]3 years ago
4 0
The Federal Reserve sets an minimum rate to for lending to other banks.
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