Answer:
Banks can borrow from the federal reserve system at discount rate.
Explanation:
The fed provides the fund for banks to increase their reserves through open market operations. The fed purchases government securities or bonds to increase reserves with banks.
If a bank is not able to borrow funds for its reserves from the Fed funds market, then, in that case, it can borrow from the federal reserve system at a discount window.
The rate at which it has pay back this loan is called the discount rate. This rate is used as a tool by the feds to control the money supply. The discount rate serves as a tool for monetary policy.
Answer:
An Answering Brief
Explanation:
Answering brief is the paper filed by an individual opposing the appeal (the appellee), in response to the opening brief filed by the litigant filing the appeal, ( the appellant). It should contain argument in support of the judgement of the trial court and references to the transcript or trial exhibits supporting those arguments.
It involved the admissions practices of the Medical School of the University of California at Davis.
One would cite the 8th Amendment to the Constitution.
