Question: In January 2003, the Fed implemented changes to its discount window lending that increased the cost of borrowing but eased the terms. With the change,

In January 2003, the Fed implemented changes to its discount window lending that increased the cost of borrowing but eased the terms. With the change, discount window loans to healthy banks would be priced at 1 percent above the fed funds rate rather than below as it generally was in the period preceding January 2003. 


True 


False

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