The federal funds rate is the interest rate paid when
a. the Federal Reserve makes loans to member banks.
b. taxpayers pay overdue taxes.
c. one bank borrows reserves from another bank.
d. banks make loans to the federal government.
e. the federal debt is refinanced.
C
Economics
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The sum of the marginal propensity to consume (MPC) and the marginal propensity to save (MPS) is
A) equal to one. B) greater than one. C) negative. D) less than one.
Economics
The optimal consumer choice is where the indifference curve
a. crosses (intersects) the budget line b. lies above the budget line c. lies below the budget line d. is tangent to the budget line e. is parallel to the budget line
Economics