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BARSIC [14]
1 year ago
13

The fed pays ______ on the required reserves held by commercial banks, as well as the excess reserves the banks hold at the fed.

Business
1 answer:
lana66690 [7]1 year ago
4 0

The fed pays interest on the required reserves held by commercial banks, as well as the excess reserves the banks hold at the fed.

A frequent monetary policy tool at the disposal of significant central banks is the payment of interest on bank reserve holdings. With effect from late 2008, the Federal Reserve is now permitted by Congress to pay interest on bank balances held by the Fed. Interest has been paid since then on those sums by the Federal Reserve.

The Fed has had to raise the interest rate it pays on reserves in order to get the fed funds rate to rise, according to Wheelock, given the significant amount of deposits kept at Reserve banks. Therefore, the Fed will pay out more interest.

To learn more about Federal Reserve refer to:

brainly.com/question/23247429

#SPJ4

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A. certificate of savings
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During which phase of the data analysis process does the fraud examiner identify, obtain, and verify the relevant or requested d
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Answer: The preparation phase

Explanation:

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2 years ago
Goods that are created and used domestically are __________.
dem82 [27]
The answer is C. Produced and consumed in one country. 
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2 years ago
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what happens if a spelling checker does not have a suggestion for a misspelled word? a. the writer must correct the word. b. the
zubka84 [21]
A. The writer must correct the word

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3 0
3 years ago
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Nadine is retiring today at age 66 and expects to live to age 82. She has $136,000 in her retirement savings account. She is som
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Answer:

$1,103.56

Explanation:

In this question, we use the PMT formula that is shown in the attachment. Kindly find it below:

Provided that

NPER = (82 - 66) × 12 = 192

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Future value = $0

Rate of interest = 6% ÷ 12  months = 0.5%

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

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6 0
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