Discount Rate
Discount Rate
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Summary of Discount Rate
Also known as the re-discount rate, the rate of interest charged by the Federal Reserve to member banks for advances. The rates are set every fourteen days by the regional Federal Reserve banks upon approval of the Board of Governors of the Federal Reserve system.
The discount rate is a prime factor in determining the amount of credit available and serves as an index upon which commercial banks base their lending rates to customers.
(Main Author: William J. Miller)
Hierarchical Display of Discount rate
Finance > Financial institutions and credit > Credit policy
Discount rate
Concept of Discount rate
See the dictionary definition of Discount rate.
Characteristics of Discount rate
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Translation of Discount rate
Spanish: Tipo de descuento
French: Taux d'escompte
German: Diskontsatz
Italian: Tasso di sconto
Portuguese: Taxa de desconto
Polish: Stopa dyskontowa
Thesaurus of Discount rate
Finance > Financial institutions and credit > Credit policy > Discount rate
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