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nikklg [1K]
3 years ago
12

The effective Fed Funds Rate is the_________.

Business
1 answer:
soldi70 [24.7K]3 years ago
7 0

Answer:

The answer would be B

Explanation:

The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. Also known as the federal funds rate, the effective federal funds rate is set by the Federal Open Market Committee, or FOMC.

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