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seasonal credit

seasonal credit ECON

seasonal credit ECON

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Primary and secondary credit is normally offered on a secured overnight basis, while seasonal credit is extended up to nine months. en.wikipedia.org

In 2006, these were: the primary credit rate (the most common), the secondary credit rate (for banks that are less financially sound), and the seasonal credit rate. en.wikipedia.org

The seasonal credit rate is set from an averaging of the effective fed funds rate and 90-day certificate of deposit rates. en.wikipedia.org

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