Question: The formula for calculating a price index for the year 2013, using the year 2008 as a reference period is l77. The discount rate set

The formula for calculating a price index for the year 2013, using the year 2008 as a reference period is

Price of 2013 market basket in 2013 a. Price of 2013 market

l77. The discount rate set by the Federal Reserve System is the

a. Required percentage of reserves deposited at the central bank.

b. Rate that commercial banks charge for loans to each other.

c. Rate that commercial banks charge for loans to the general public.

d. Rate that the central bank charges for loans to commercial banks.

Price of 2013 market basket in 2013 a. Price of 2013 market basket in 2008 Price of 2008 market basket in 2013 b. Price of 2008 market basket in 2008 Price of 2013 market basket in 2008 c. Price of 2008 market basket in 2008 Price of 2008 market basket in 2008 d. Price of 2008 market basket in 2013 100 100 100 100

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