Mortgage Banker Question:

What is adjustment credit?

Tweet Share WhatsApp

Answer:

Adjustment credit is a short-term loan made by the Federal Reserve Bank (U.S) to the commercial bank to maintain reserve requirements and support short term lending, when they are short of cash.

Download Mortgage Banker PDF Read All 92 Mortgage Banker Questions
Previous QuestionNext Question
What is the 'cost of debt'?What is home equity loan?