Business, 26.06.2019 04:10 cjjjjjjjjjjjjj

The bank of key west is not going to have enough reserves at the end of the business day to meet its reserve requirement of 10%. it currently has two options to borrow money overnight in order to meet the requirement. first, it could borrow money from the federal reserve at a rate of 1.15% . second, it could borrow money from other banks at a rate of 0.25% . what is the federal funds rate, and what is the discount rate? federal funds rate:

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The bank of key west is not going to have enough reserves at the end of the business day to meet its...