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4. a. What is the IORB rate? What is the federal funds rate? b. Describe how the Federal Reserve can control the federal funds rate

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4. a. What is the IORB rate? What is the federal funds rate? b. Describe how the Federal Reserve can control the federal funds rate through its administration of the IORB rate. 2. Write out a simple balance sheet for a bank. State the three ways in which a bank's assets can generate revenue, and rank those assets according to their riskiness

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