The federal funds rate is the interest rate on short-term loans made by: Select one: a....
The federal funds rate is the interest rate on short-term loans made by:
Select one:
a. the Federal Reserve to commercial banks.
b. the federal government to the Federal Reserve.
c. the Federal Reserve to the federal government.
d. commercial banks to other commercial banks.
Homework Answers
Ans: commercial banks to other commercial banks
Explanation:
The federal funds rate is the interest rate that a commercial banks charge each other on loans used to meet reserve requirements.
Thus, option [d] is the correct answer.
Add Answer to:
The federal funds rate is the interest rate on short-term loans
made by:
Select one:
a....
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