The federal funds rate is the interest rate that
A) the Fed charges to banks that borrow from it. B) banks charge the Fed for using their reserves.
C) banks charge each other for borrowed money. D) the Fed pays on bank reserves.
C
Economics
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Refer to Table 4-7. If a minimum wage of $11.50 an hour is mandated, what is the quantity of labor demanded?
A) 40,000 B) 570,000 C) 610,000 D) 1,180,000
Economics
A disadvantage of corporations over a proprietorship or partnership is in the
A) legal liability. B) ability to raise funds. C) taxation system. D) future of the firm when an owner dies.
Economics