What is the federal funds rate? (1 point) Responses
1. The funds a bank must hold against the deposit liabilities.
2. The interest on mortgage-backed securities placed on the lenders.
3. The Interest rate the Federal Reserve charges to banks for loans issued.
4. The interest rate banks charge each other for overnight lending.
1 answer
3. The Interest rate the Federal Reserve charges to banks for loans issued.
1 answer