# The __________ is the rate financial institutions charge each other for overnight loans used as reserves,...

###### Question:

The __________ is the rate financial institutions charge each other for overnight loans used as reserves, while the __________ is the rate that the Fed charges depository institutions to borrow reserves from a regional Federal Reserve Bank.

federal funds rate / prime rate

discount rate / secondary rate

federal funds rate / discount rate

discount rate / prime rate

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