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Author Question: The federal funds rate is the interest rate that: a. the government charges banks to borrow money ... (Read 94 times)

vicotolentino

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on: Jun 30, 2018
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.

Question 2

The interest rate that banks charge other banks for short-term loans is the:
 a. discount rate.
  b. prime rate.
  c. treasury rate.
  d. federal funds rate.
  e. interbank rate.


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wuly

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

d


vicotolentino

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

laurnthompson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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