Question: Which statement is true about the discount rate? a.) It is influenced by the multiplier effect. b.) It involves banks loaning funds to one another

Which statement is true about the discount rate? a.) It is influenced by the multiplier effect. b.) It involves banks loaning funds to one another so that they can meet their reserve level. c.) It is the rate that the Fed charges member banks for short-term loans. d.) It dictates the amount of money that banks should maintain in their vaults at all times

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