Question

Help with economics please! No one in the subject will do it :( MEDAL!

Answer 1

Which of the following interest rates is correctly matched to its definition?

The prime interest rate is the rate the Fed charges member banks to borrow money.
The discount rate is the rate banks charge their best customers when they borrow money.
The federal funds rate is the rate the Fed charges member banks to borrow money.
The prime interest rate is the rate banks charge one another to borrow money.
The federal funds rate is the rate banks charge one another to borrow money.