5. Money market instruments: Federal funds Which of the following are typical federal fund loan maturities? Check all that apply. 3 years 5 years 6 days 7 days Which of the following are properties of federal funds? Check all that apply. The federal funds market enables depository Institutions to lend or borrow short-term funds from each other at the federal funds rate. The Interbank loan volume outstanding now exceeds $200 billion. Most loan transactions are for $5 million or more. Savings and loan associations are the most active participants in the federal funds market