Question

What is the federal funds rate? (1 point)
Responses

 The interest on mortgage-backed securities placed on the lenders.
 The interest on mortgage-backed securities placed on the lenders.

The Interest rate the Federal Reserve charges to banks for loans issued.
The Interest rate the Federal Reserve charges to banks for loans issued.

The interest rate banks charge each other for overnight lending.
The interest rate banks charge each other for overnight lending.

The funds a bank must hold against the deposit liabilities.
GPT 3.5
The interest rate banks charge each other for overnight lending.

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