Question: Go to the Federal Reserve Board Web site and find the latest information available on the prime rate, the three-month CD rate, the discount rate, and the three-month T-bill rate using the following steps. Go to the Federal Reserve Board's Web site at www.federalreserve.gov releases. Under "Statistical Releases," click on "Selected Interest Rates." Click on the most recent date. The data will be in this file on your computer screen.
1. What are the current levels for each of these interest rates?
2. Calculate the percentage change in each of these rates since July 2010.