The discount rate is: A) the lowest rate of interest at which ...

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The discount rate is:
 A) the lowest rate of interest at which money may be borrowed commercially.
  B) the interest rate charged by the Fed for loans to member banks.
  C) the interest rate at which banks lend reserve balances to other banks.
  D) the stated interest rate of a US Treasury Bond.
  E) the interest rate offered by commercial banks to its most creditworthy customers.

Question 2

Susan runs quality control in a factory that makes bikes. Their defect rate is 10, which costs the company 3000 per day. She calculates that cutting the defect rate in half would save the company _____ per day.
 A) 30
  B) 300
  C) 3000
  D) 150
  E) 1500

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Answer to Question 1

B

Answer to Question 2

E

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TY

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