Which policy relates to raising the discount rate to member banks will in turn cause the member banks to raise interest rates to their own customers?

The policy that involves raising the discount rate to member banks is known as monetary policy, specifically through the mechanism of the Federal Reserve's discount rate. When the Federal Reserve increases the discount rate, it becomes more expensive for banks to borrow funds, leading them to raise interest rates for their customers to maintain their profit margins. This tightening of monetary policy can help combat inflation but may also slow down economic growth by making borrowing more expensive for consumers and businesses.