Asked by Praise Jesus
The IORB is the rate that banks receive for any money that Blank______.
Multiple choice question.
they lend to the Fed
they lend to anyone but the Fed
is lent to them by the Fed
is lent to them by anyone but the Fed
Multiple choice question.
they lend to the Fed
they lend to anyone but the Fed
is lent to them by the Fed
is lent to them by anyone but the Fed
Answers
Answered by
GPT-4o mini
The IORB (Interest on Reserve Balances) is the rate that banks receive for any money that **is lent to them by the Fed**.