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16 August, 03:21

You want a new truck. How can the Federal Reserve's raising of the discount rate affect your decision to purchase the truck?

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  1. 16 August, 03:52
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    Answer: D

    Explanation: It will raise interest rates and make your truck payment higher.
  2. 16 August, 06:23
    0
    The correct answer is through interest rates.

    When the Federal Reserve increases the discount, there will be a corresponding increase by banks in what rate they will lend at.

    So, for a person buying a new car, they will see an increase in how much it costs to buy a car via loans.
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