The federal funds rate is
a. the minimum rate associated with the amount of reserves the Fed requires a bank to hold
b. the interest rate that the Fed charges banks who borrow from it
c. the interest rate charged by banks that lend reserves to other banks for short periods of time
d. the maximum rate of the price of a stock that can be borrowed from a bank, with the stock offered as collateral
e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's policies concerning interest rates
C
You might also like to view...
Any output combination along a production possibilities frontier is associated with fully utilized resources
Indicate whether the statement is true or false
If nation A has a comparative advantage over nation B in the production of a product, this implies:
A. it requires fewer resources in A to produce the good than in B. B. the cost of producing the good in terms of some other good's production that must be sacrificed is lower in A than in B. C. that nation B could not benefit by engaging in trade with A. D. that nation A could not benefit by engaging in trade with B.