Question

QUESTION 34 The federal funds rate is the interest rate • banks charge each other for loans banks charge for their best customers the Fed charges for loans to banks paid by government bonds QUESTION 35 What function of money serving when you use the money to put in your savings account? A store of value A unit of account A medium of exchange A flow of funds Click Save and submit to save and submit. Chels Save an ansers To save all ansiers,

Answer 1

34.The interest rate that is charged by Federal reserve Bank to the commercial banks is called discount rate

The rate at which bank charges to the customers is called interest rate

Federal fund rate is the interest rate that is charged by one bank to another bank on the overnight basis

Banks generally have excess reserves which is used for this type of transaction

So the correct answer here is option A

35.

Money has basically three main functions that are store of value, medium of exchange and unit of account

slstore of value means that money can be stored now and used in the future

the best example of this is when any person deposits money in bank and get back with higher interest rate

The medium of exchange can be used for transaction or buying something

Unit of account means the money is having some standard value like dollar in which it can be expressed

Here fromthe given statement if any person puts money in the savings account it means the money is acting as a store of value that can be used in future

The correct answer is option A