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NYC NYC
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8 years ago
The federal funds rate is the interest rate that:
A) commercial banks charge each other for borrowing and lending reserves.
B) commercial banks charge their best customers to borrow money.
C) the government pays on securities that mature in less than a year.
D) the Fed charges commercial banks to borrow reserves.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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8 years ago
Perfect answer, thank you
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