The cost to a member bank of borrowing from the Federal Reserve is measured by the
a. reserve requirement.
b. price of securities in the open market.
c. discount rate.
d. yield on government bonds.
The cost to a member bank of borrowing from the Federal Reserve is measured by the
a. reserve requirement.
b. price of securities in the open market.
c. discount rate.
d. yield on government bonds.
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