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scZoUnD [109]
3 years ago
6

The discount rate refers to which tool of monetary policy?

History
2 answers:
ololo11 [35]3 years ago
4 0
The federal discount rate is the interest rate the Federal Reserve charges banks to borrow funds from a Federal Reserve bank. The Fed discount rate is set by the Fed's board of governors, and can be adjusted up or down as a tool of monetary policy.
Valentin [98]3 years ago
3 0

Answer:

The federal discount rate is the interest rate the Federal Reserve (Fed) charges banks to borrow funds from a Federal Reserve bank. The Fed discount rate is set by the Fed's board of governors, and can be adjusted up or down as a tool of monetary policy.

Explanation:

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The correct answer to this open question is the following.

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No, these plans were not chosen at the Constitutional Convention of Philadelphia, Pennsylvania, in 1787. James Madison, a delegate from Virginia at the 1787 Constitutional Convention, recognized that one of the greatest flaws in the Articles of Confederation was its lack of a strong centralized government. In response to this flaw, Madison developed the “Virginia Plan.” However, no all the delegates agreed. That is when the Virginia Plan was countered by the New Jersey delegation, proposing the “New Jersey Plan.” The delegates had many discussions and debates to agree on the new form of government for the United States. Federalists supported a strong central government. Antifederalists supported a simpler government that promoted civil rights and liberties. That is when James Madison drafted the Bill of Rights, which is the first ten amendments to the US Constitution.

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