Asked by
Sofia Guzman
on Oct 12, 2024
Verified
In January 2010,the Federal Funds Target rate was
A) between 0% and .25%.
B) between .5% and .6%.
C) between 2.5% and 2.6%.
D) between 5.0% and 5.25%.
Federal Funds Target Rate
The interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight, guided by the Federal Reserve.
- Understand the range of monetary policy instruments that the Federal Reserve uses.
Verified Answer
JV
Learning Objectives
- Understand the range of monetary policy instruments that the Federal Reserve uses.
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