For what type of borrowing do the federal funds rate and the discount rate apply? Which rate

Question:

For what type of borrowing do the federal funds rate and the discount rate apply? Which rate is used in more transactions in the United States?
Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: