Word: discounted
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Dates: during 1980-1989
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Because of the bad case of economic blahs, the Federal Reserve last week lowered the discount rate, the amount it charges on loans to member banks, from 13% to 12%. Meanwhile the prime lending rate that major banks charge continued its free fall, dropping to 14%, down from 20% only nine weeks...
...German Democratic Republic has been extending its political reach around the globe. At least 5,000 military and civilian cadres are operating in more than a dozen different nations, dispensing an estimated $20 million in annual military aid and an additional $300 million in economic assistance. Western intelligence agencies discount rumors that East German soldiers and pilots have periodically fought alongside southern African rebels or with the troops of Marxist states like Angola. But no one disputes the fact that East Germany's noncombat military role-as a provider of materiel and advisers-by now equals that of Cuba...
Monetary measures. They are being tightened. The Federal Reserve announced that it will impose a 3% surcharge, on top of the 13% discount rate, on some of the loans it makes to member banks. A bank borrowing from the Fed two weeks in a row, or more than four weeks in any quarter, will thus be charged 16%. If banks want to go ahead and borrow anyway, the move would tend to raise still higher the interest rates that they in turn charge when they lend the money to customers. Federal Reserve officials hope that banks will instead reduce both...
...will only need $6,000-$7,000 as a deposit. He may also be able to obtain a low interest purchase money mortgage from his landlord, or since Joe is a tenant in the building there is a good chance that he will receive a significant discount in the purchase price of his unit. The average monthly costs for owning a condominium similar to Joe's would amount to approximately $475 per month. Joe will also benefit on tax deductions due to the fact that the interest, real estate and water payments are tax deductible. This will effectively reduce...
...rather they discount drinks that give the Student Assembly a share of the profit," she added...