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Finance → Financial jargon
ANSWERS: 1
  • Official Know-It-All
    The discount rate is one of two interest rates, along with the Federal funds rate, set by the Federal Reserve Board. Investopedia defines it as the rate that an eligible depository institution is charged to borrow short-term funds directly from a Federal Reserve Bank.

    Source:

    InvestorWords.com

    Investopedia.com

    Resource:

    The Federal Reserve Board

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