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9. The interest rate charged by banks with excess reserves at a Federal Reserve Bank to banks needing overnight loans to meet reserve requirements is

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9. The interest rate charged by banks with excess reserves at a Federal Reserve Bank to banks needing overnight loans to meet reserve requirements is called the A. prime rate B. discount rate Q federal funds rate D. call money rate E. money market rate The federal funds are required for the bank to meet reserve requirements, which is a way of inuencing the money supply

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