what is the primary rate?:
"Primary credit is available to generally sounddepository institutions on a very short-term basis, typicallyovernight, at a rate above the Federal Open Market Committee's (FOMC)target rate for federal funds".
As opposed to the secondary rate:
"Secondary credit is available to depository institutions that are not eligible for primary credit".
what is the primary rate?
(2007-08-17 11:33:36) 评论 (0)what is the primary rate?:
"Primary credit is available to generally sounddepository institutions on a very short-term basis, typicallyovernight, at a rate above the Federal Open Market Committee's (FOMC)target rate for federal funds".
As opposed to the secondary rate:
"Secondary credit is available to depository institutions that are not eligible for primary credit".