The Discount Interest Rate and the Fed Funds Rate can be described as

a. The Discount Rate is the rate banks can borrow at the Fed Discount window and the Fed Funds Rate is the rate banks can borrow from other banks

b. The Fed Funds Rate is the rate banks can borrow at the Fed Discount window and the Discount Rate is the rate banks can borrow from other banks

c. The Discount rate is similar to LIBOR and the Fed Funds rate is similar to the Prime Rate

d. The Discount rate is set by discounting cash flows and the Fed Funds Rate is the result of an action to set rates

e. None of the above

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