Business, 03.02.2020 11:58 quintonps12

What is the federal funds rate?

a.

the interest rate that the federal reserve charges commercial banks for overnight loans

b.

the interest rate that the federal reserve charges commercial banks for long-term loans

c.

the interest rate that banks charge each other for long-term loans

d.

the interest rate that banks charge each other for overnight loans

Answers: 1

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What is the federal funds rate?

a.

the interest rate that the federal rese...