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The discount rate was cut by 50 bp—to 5.75% from 6.25%—and the term of loans was extended from overnight to up to thirty days. That reduced the spread of the primary credit rate over the federal funds rate from 100 basis points to 50 basis points.
Each full house is ranked first by the rank of its triplet, and then by the rank of its pair. For example, 8♠ 8♦ 8♥ 7♦ 7♣ ranks higher than 4♦ 4♠ 4♣ 9♦ 9♣, which ranks higher than 4♦ 4♠ 4♣ 5♣ 5♦. Full house hands that differ by suit alone, such as K♣ K♠ K♦ J♣ J♠ and K♣ K♥ K♦ J♣ J♥, are of equal ...
Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. [2] This transaction is based on the fact that most people prefer current interest to delayed interest because of mortality effects, impatience effects, and salience effects. [3] The discount, or charge, is the difference ...
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