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If the effective federal funds rate is 5 . 1 5 percent, which of the following is most likely to be the Fed's target range

If the effective federal funds rate is 5.15 percent, which of the following is most likely to be the Fed's target range for the federal funds rate?
Multiple Choice
4.15 to 6.15
0.15 to 10.15
5.15 to 5.65
5.30 to 5.55

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