Asked by Marinda Carraway on Jun 18, 2024
Verified
The interest rate that banks charge when they lend each other their excess reserves is called the _____ rate.
Excess Reserves
Banking reserves exceeding the reserve requirement set by a central bank, not lent out to the bank's clients.
Interest Rate
The fee, shown as a percent of the original amount, that a borrower must pay to a lender to borrow money or other resources.
- Recognize the various interest rates relevant in the banking ecosystem.
Verified Answer
CC
Learning Objectives
- Recognize the various interest rates relevant in the banking ecosystem.