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What is the cost of money? a. the smoothing out of fluctuations in the market b. the economy’s use of open market operations c. the price of the interest rate d. the bank’s use of money creation
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Expert Answered
Updated 95 days ago|1/17/2017 10:14:04 AM
1 Answer/Comment
The cost of money is the price of the interest rate.
Added 95 days ago|1/17/2017 4:33:54 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [1/17/2017 10:14:05 AM]
The discount rate is: a. the interest rate banks charge other banks for loans. c. the percentage amount that the Federal Reserve discounts when it buys government securities. b. the interest rate the Federal Reserve charges for loans to commercial banks. d. a tool of fiscal policy.
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Updated 3/31/2016 10:55:12 PM
1 Answer/Comment
The discount rate is the interest rate the Federal Reserve charges for loans to commercial banks.
Added 3/31/2016 10:55:12 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [3/31/2016 10:56:21 PM]
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