How did the fed''s discount lending expand

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1. Briefly describe the three categories of discount loans. When economists and policymakers refer to the discount rate, they are referring to the interest rate on which of these categories of discount loans?

2. Before 1980, which banks could receive discount loans? After 1980, which banks could receive discount loans? During the financial crisis of 2007-2009, how did the Fed's discount lending expand?

Reference no: EM131303941

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