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1 - The Federal Reserve bank manipulates its US interest rate policy through changes to the ------------ rate. 2 - Good banks' clients in Europe

1 - The Federal Reserve bank manipulates its US interest rate policy through changes to the ------------ rate.

2 - Good banks' clients in Europe borrow at the "LIBOUR rate". If not, write your answer.

3 - How does the PMA manage its monetary policy and interest rates.

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