Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

If bank borrows money from another bank rather than from the fed, the interest rate charged by the second bank is called the

Sagot :

dubeyshailja64

The bank borrows money from another bank rather than from the fed, the interest rate charged by the second bank is called the interbank rate.

What is Bank?

Bank refers to financial institutions that help people to borrow funds on credit and deposit and withdraw cash for use. These allow savings among people and helps in protecting the securities.

The interest rate applied to short-term loans made by banks to one another is known as the interbank rate. In the interbank lending market, banks borrow and lend money to one another in order to effectively manage stability.

Learn more about Banks, here:

https://brainly.com/question/15062008

#SPJ1

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.