Define discount rate of interest and prime rate

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1. Explain the meaning of the terms fiscal policies and monetary policies.

2. Define discount rate of interest and prime rate.

3. Identify the four major areas of demand for money.

4. How does a change in interest rates affect business borrowing?

5. Discuss the effects of the new loan commitment software applications on residential mortgage lending.

6. Suggest ways to improve our banking system.

Reference no: EM131289092

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