What is a discount rate

asked Mar 17, 2018 70.4k views

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1 vote

Hello!

A discount rate is the minimum interest rate created by "The Federal Reserve" for renting to other banks..

Hope this helped!! ☺♥

Sniver answered Mar 19, 2018

8.1k points

1 vote

The Federal Reserve sets an minimum rate to for lending to other banks.

RanRag answered Mar 22, 2018

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