Discount rate - The interest rate that the Federal Reserve charges a bank to borrow funds when a bank is temporarily short of funds. Collateral is necessary to borrow, and such borrowing is quite limited because the Fed views it as a privilege to be used to meet short-term liquidity needs, and not a device to increase earnings.
The interest rate at which the US Federal Reserve lends money to member banks.
Discount rate : the interest rate that the federal reserve charges a bank to borrow funds when a bank is temporarily short of funds. collateral is necessary to borrow, and such borrowing is quite limited because the fed views it as a privilege to be used to meet short-term liquidity needs, and not a device to increase earnings.
the interest rate at which the us federal reserve lends money to member banks.
Discount rate