Someone I was talking to mentioned that a company could input an interest rate that does not
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Question:
Someone I was talking to mentioned that a company could input an interest rate that does not match the interest rate of the FED.I argued that this would be a mistake on the companies part and could cause an incorrect calculation when in comes to the money that is moved in and out of the company. Why does a companyneed to ensure that theirs are matching up? What will happen if the interest rate differs from the Fed?
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