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The discount rate is the rateA) mortgage brokers will pay to the secondary market. B)...

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Algebra

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The discount rate is the rateA) mortgage brokers will pay to the secondary market. B) charged to member banks borrowing from the Federal Reserve Bank.C) mortgage bankers will pay to the secondary market.D) at which borrowers will be charged one point.

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Transcribed Image Text

The discount rate is the rateA) mortgage brokers will pay to the secondary market. B) charged to member banks borrowing from the Federal Reserve Bank.C) mortgage bankers will pay to the secondary market.D) at which borrowers will be charged one point.

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