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26-04-2024
Business

Answered

The federal funds rate is the:

a. interest rate that banks pay when they borrow reserves from another bank in the federal funds market.
b. interest rate that homebuyers pay for a loan from the Federal Home Loan Mortgage Association.
c. interest rate that banks pay when they borrow reserves from the Fed.
d. rate banks pay on savings accounts and certificates of deposit.

Answer :

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