Finance, Forex and Investments

What is the federal funds rate and who sets it? a. It is the interest rate charged to commercial banks on?

What is the federal funds rate and who sets it? a. It is the interest rate charged to commercial banks on loans from Federal Reserve Banks, The Federal Reserve sets this rate. b. It is the interest rate charged to consumers on loans from the Federal Reserve Banks, The commercial banks set this rate. c. It is the interest rate charged between Federal Reserve Banks for short- term loans. The Federal Reserve sets this rate. d. It is the interest rate charged between commercial banks or (Financial Institutions) for short-term loans. The Federal Reserve can influence this rate.

Public Comments

1. A
2. The answer is A obviously.