正文
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".
"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".
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