banks borrow money at a much higher rate from the fed then they offer you for loans. true false
banks borrow money at a much higher rate from the fed then they offer you for loans. true false
Answer
Brief Explanations:
Banks borrow from the Federal Reserve (the Fed) at the discount rate. They then lend to customers at a higher rate to make a profit. So, they don't borrow at a higher rate from the Fed than what they offer for loans.
Answer:
False