The federal funds rate is the
a. percentage of face value that the Federal Reserve is willing to pay for Treasury Securities.
b. percentage of deposits that banks must hold as reserves.
c. interest rate at which the Federal Reserve makes short-term loans to banks.
d. interest rate at which banks lend reserves to each other overnight.
d
Economics
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The average number of times in a year each dollar is used to buy goods and service is called
A) rate of circulation speed. B) circulation rate. C) velocity of circulation. D) nominal GDP. E) inflation.
Economics
If a market has more than one seller, but fewer sellers than under perfect competition, it is referred to as
a. a monopoly b. competitive c. imperfect competition d. an efficient market e. optimal
Economics