What is the difference between the discount rate and the federal funds rate?

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What is the difference between the discount rate and the federal funds rate?
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...
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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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