The discount rate is a. the rate at which the Fed lends to banks. b. the rate at which public banks lend to other public banks. c. the percentage difference between the face value of a Treasury bond and what the Fed pays for it. d. the percentage of deposits banks hold as excess reserves.

a. the rate at which the Fed lends to banks

Explanation:

The discount rate is the interest rate that are applied for measuring the present value of future cash flows

It is the rate where the federal reserve would lends to the financial insituation or bank

So as per the given options, the option a is correct

And, the other options should be considerd as wrong or incorrect

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

i really hope this answer you out! it makes my day people like you and giving back to the community that has me through school! if you could do me a favor, if this you and this is the very best answer and you understand that all of my answers are legit and top notch. mark as brainliest! and have a awesome day!

answer; human resource management.(hrm);