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Which of the following serves as the Federal Reserve's intermediate monetary policy target? Select one: O a. The fed funds rate O b. Market interest rates Oc Ultimate policy goals O d. The discount rate of lending The fed funds rate of lending: 1. Fluctuates within a range set by the FOMC II. Changes to a new rate every 8 weeks III. Is set directly by the U.S. Treasury Select one: O a. I only Ob. I and II only Oc and ill only Od I, II, and Ill