SIE Exam Question 461: Answer and Explanation

Question: 461

Which one of the following interest rates is controlled by the Federal Reserve Board?

  • A. Federal funds rate.
  • B. Prime rate.
  • C. Discount rate.
  • D. Broker call loan rate.

Correct Answer: C

Explanation:

C: The discount rate is the rate that is actually controlled by the Federal Reserve Board. All of the other rates are adjusted in the marketplace by the lenders as a result of a change in the discount rate.

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