Which of the following statements is true?
A. The Federal funds rate is higher than the prime interest rate
B. The prime interest rate is higher than the Federal funds rate
C. The Federal funds rate and the prime interest rate are often the same
D. The prime interest rate is often the same as the discount rate
B. The prime interest rate is higher than the Federal funds rate
You might also like to view...
"Private costs are borne by individuals while social costs are borne by society." Do you agree or disagree? Why?
What will be an ideal response?
A demand schedule provides
A) the quantities of a good people are willing to sell every year. B) the amount of a good a person wants to sell during a given time period. C) the alternative quantities demanded for a given time period at different possible prices. D) the amount of a good a person wants at different times of the day.