Card 12 / 15: What is the banking federal funds rate?
A)
The interest rate that banks charge their private clients
B)
The interest rate that the Fed charges when it loans money to the banks
C)
The interest rate they’re charged when the banks loan money to each other
Answer:
C) The interest rate they’re charged when the banks loan money to each other
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Yasser IbrahimFounder
Jobilize.com
U.A.E.
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