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Please select the right answer What is the federal funds rate?The interest rate charged to banks when the Federal Reserve acts as the lender of

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What is the federal funds rate?The interest rate charged to banks when the Federal Reserve acts as the lender of last resort. b The interest rate received as payments on a Treasury bond.. c. The interest rate on short-term funds transferred between institutions d. The interest rate on loans made by the Federal Reserve to depository institutions

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