The federal funds rate is the interest rate that:
a. the government charges banks to borrow money
b. the Fed charges banks to borrow money
c. the federal government pays to borrow money
d. federally chartered banks charge their customers for commercial loans.
e. banks charge other banks for short-term loans.
e
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A worker is hired in a
A) goods and services market. B) product market. C) government market. D) factor market.
Refer to the table below. If at the current advertising level, A = $9,800, B = $15,000, and C = $8,200, to maximize profit, which of the following should the firm do?
The table above shows the current costs for a firm to advertising on the radio, television, and newspaper.
A) The firm should decrease its advertising on the television and increase its advertising in newspapers.
B) The firm should decrease its advertising on the radio and increase its advertising in newspapers.
C) The firm should decrease its advertising on the radio and decrease its advertising in newspapers.
D) The firm should increase its advertising on the television and decrease its advertising in newspapers.