Sia
Question
Macroeconomics
Posted 10 months ago
Which of the following is the rate that banks in the United States charge each other for overnight loans?
Choose 1 answer:
(A) The reserve requirement
(B) The discount rate
(c) LIBOR
(D) The federal funds rate
(E) The prime rate
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Answer from Sia
Posted 10 months ago
D
Key Concept
Federal Funds Rate
Explanation
The federal funds rate is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight on an uncollateralized basis.
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